Celsius Holdings (CELH) PT Raised to $44 at Jefferies

Jefferies analyst Kaumil Gajrawala raised the price target on Celsius Holdings (NASDAQ: CELH) to $44.00 (from $40.00) while maintaining a Buy rating.

The analyst comments "1Q results are likely to be rough (and tariff issues came after). Subdued demand, retail destocking, and higher inflation expectations will lead to 1Q misses and guidance cuts. Tariffs are a new challenge for the year. The bar was low; we're going lower. We see risk to the full-year #s in HPC and Bev Alc. It is too early to know if we're in a temporary or prolonged slowdown. We continue to favor Soft Drinks and Consumer Health (stable trends) over HPC/BevAl."

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