Celsius price target lowered to $65 from $70 at Roth Capital

Roth Capital lowered the firm’s price target on Celsius (CELH) to $65 from $70 and keeps a Buy rating on the shares. The firm believes two factors are creating stronger than expected headwinds to Celsius’ results in Q4, namely the integration of Alani Nu into the Pepsi (PEP) distribution system, and Rockstar’s margins are coming in quite a bit lower than expected. The firm believes these factors are largely temporary and should be resolved in the coming months, but still adjusted its estimates to reflect a more cautious view of the company’s prospects.