Truist raised the firm’s price target on Celsius Holdings (CELH) to $55 from $50 and keeps a Buy rating on the shares as part of a broader research note on Consumer Products names. The energy category has bounced back following a prolonged slump that began last summer, and the new COO has helped optimize the company’s Pepsico (PEP) distribution deal and also closed the $1B acquisition of Alani Nu, whose energy drink sales were growing +88% y/y, the analyst tells investors in a research note.
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