Celsius pullback an opportunity, says Jefferies

After having hosted investor meetings with Celsius (CELH) CEO John Fieldly, CFO Jarrod Langhans, and Chief of Staff Toby David, Jefferies analyst Kaumil Gajrawala argues that recent concerns “seem overdone” and recent weakness is “timing-related,” not structural. The firm, which says the brand is entering a new phase, while Alani’s momentum is “underappreciated,” views the pullback as an opportunity and keeps a Buy rating and $71 price target on Celsius shares.