TD Cowen analyst Robert Moskow raised the firm’s price target on Celsius Holdings (CELH) to $72 from $60 and keeps a Buy rating on the shares. The firm said Celsius’ agreement to become PepsiCo’s (PEP) “energy drink captain” is a key positive that should accelerate Alani Nu’s growth through expanded distribution and give Celsius control over the execution of their combined energy drink portfolio, which now includes Rockstar.
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Read More on CELH:
- Celsius Holdings price target raised to $73 from $64 at UBS
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