JPMorgan raised the firm’s price target on Celsius Holdings (CELH) to $54 from $44 and keeps an Overweight rating on the shares. The firm also added the shares to its Analyst Focus List as a growth idea and placed them on “Positive Catalyst Watch” ahead of the Q2 report on August 6. JPMorgan lifted its estimates well above consensus to reflect a recovery in brand Celsius and tailwinds from lapping inventory optimization in the prior year. Further, the company is seeing substantial acceleration in Alani Nu trends, the analyst tells investors in a research note.
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