Morgan Stanley raised the firm’s price target on Celsius Holdings (CELH) to $61 from $56 and keeps an Equal Weight rating on the shares. The company’s expanded partnership with PepsiCo (PEP) should drive further distribution gains for Alani and better execution across Celsius’ overall portfolio, the analyst tells investors.
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Read More on CELH:
- Celsius Holdings price target raised to $70 from $56 at Stifel
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