CFRA Starts Celsius Holdings (CELH) at Hold

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Celsius Holdings (CELH) PT Lowered to $85 at TD Cowen on Pepsi inventory reductions

June 12, 2024 4:14 PM EDT

TD Cowen analyst Vivien Azer lowered the price target on Celsius Holdings (NASDAQ: CELH) to $85.00 (from $95.00) while maintaining a Buy rating.

The analyst commented, "Recent management commentary suggests Pepsi inventory reductions will be an incremental $20-30M headwind in 2Q (on... More