Deutsche Bank analyst Steve Powers upgraded Celsius (CELH) to Buy from Hold with a price target of $44, down from $56. The firm sees a buying opportunity following the stock’s recent selloff. Celsius has a a “still-expanding, profitable, and cash-generative franchise” within the “high-growth” energy drink category, the analyst tells investors in a research note. Deutsche views the stock as oversold on the recent Costco private label concerns.
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