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BofA Securities analyst Jonathan Keypour downgraded Celsius Holdings, Inc. CELH to Neutral from Buy, maintaining the forecast at $65. With the company’s…
Shares of energy drink company Celsius (NASDAQ:CELH) fell 7.6% in the morning session after Bank of America analyst Jonathan Keypour downgraded the stock's rating from Buy to Neutral. The analyst cited the potential for increased competition as the company tries to expand product visibility via shelf expansion. He added, "We still see strong sales and EBITDA potential, but wait for stronger velocity to signal a resumption of momentum in market share gains."
One analyst still sees upside but is less bullish than he once was.
Celsius Holdings (NASDAQ:CELH) jumped Wednesday following a strong earnings report. Celsius posted 40 cents in earnings per share for the first quarter, more than doubling the 19-cent consensus estimate of analysts polled by StreetAccount. Revenue also ...
Celsius Holdings (NASDAQ:CELH) jumped Wednesday following a strong earnings report. Celsius posted 40 cents in earnings per share for the first quarter, more than doubling the 19-cent consensus estimate of analysts polled by StreetAccount. Revenue also ...