Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower Monday. Roth MKM lowered its price target from $96 to $87.
What Happened: Roth MKM analyst Sean McGowan maintained Celsius Holdings with a Buy rating on Monday, but cut the firm’s price target from $96 to $87.
The price target change follows several downward analyst revisions from last week, citing an inventory reduction from PepsiCo Inc (NASDAQ:PEP).
Here’s a look at all of the analyst updates from last week:
- Morgan Stanley analyst Eric Serotta maintained Celsius with an Equal-Weight and lowered the price target from $75 to $68.
- Stifel analyst Mark Astrachan maintained Celsius with a Buy ...