Citi raised the firm’s price target on Celsius Holdings (CELH) to $73 from $60 and keeps a Buy rating on the shares after the company said Alani Nu will move to PepsiCo’s (PEP) distribution system in the U.S. and Canada. Pepsi also upped its stake in Celsius to 11% from 8.5%. Citi views the agreement as a key positive for Celsius as it scales the Alani Nu brand.
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