Jefferies cuts Celsius stock price target on margin concerns
Jefferies reduced its price target for Celsius Holdings (CELH) to $42 from $44, maintaining a Buy rating. The firm expects Q3 sales to decline 12% but believes this marks the bottom. EBITDA is projected to miss estimates due to a lower gross margin. Deutsche Bank downgraded CELH to Hold, while Piper Sandler kept an Overweight rating. CEO John Fieldly bought 18,000 shares at $27.44. Goldman Sachs data showed a 1% increase in total store sales.






