Celsius Holdings price target raised to $54 from $52 at Roth Capital

Roth Capital raised the firm’s price target on Celsius Holdings (CELH) to $54 from $52 and keeps a Buy rating on the shares. The firm cites continued strength in retail scanner data showing category growth acceleration and market share increases, the analyst tells investors in a research note. Roth adds that the recently conducted survey of retail buyers shows renewed optimism for the energy drink category and increasingly positive commentary on both Celsius brands.