B. Riley raised the firm’s price target on Celsius Holdings (CELH) to $52 from $49 and keeps a Buy rating on the shares ahead of the Q2 report in early August. The firm expects results in-line to slightly better than consensus estimates. Alani Nu sales were up over 100% late in Q2, partially reflecting the cotton candy flavor limited-time offering, the analyst tells investors in a research note. Riley believes Celsius will continue to pursue international growth opportunities for both its brands.
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