Jefferies raised the firm’s price target on Celsius Holdings (CELH) to $72 from $64 and keeps a Buy rating on the shares, telling investors that the firm remains positive on the shares following the updated partnership with PepsiCo (PEP). Rockstar adds roughly $250M in annual revenue, and there remains a long-term margin expansion opportunity, the firm adds.
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Read More on CELH:
- Celsius Holdings appoints Michael Del Pozzo to board
- Celsius Holdings: Strategic Growth and Market Positioning Drive Buy Rating
- Celsius Holdings’ Strategic Partnership with Pepsi Fuels Buy Rating
- Celsius Holdings price target raised to $75 from $56 at B. Riley
- Celsius Holdings price target raised to $70 from $58 at Roth Capital