Celsius falls as Deutsche Bank lowers rating to 'hold' from 'buy' - CELH News | RalliesCelsius falls as Deutsche Bank lowers rating to 'hold' from 'buy'
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CELH• Deutsche Bank lowers Celsius rating
- Shares of energy drink maker Celsius Holdings CELH.O fall nearly 6% to $33.12 premarket.
- Deutsche Bank lowers its rating to "hold" from "buy" and raises its price target to $35 from $30.
- The brokerage says core CELH trends weakened further through Q2 rather than stabilizing as expected.
- "Evidence of a durable recovery in the core Celsius brand is unlikely to emerge before calendar 2027" — the brokerage.
- 19 of 25 brokerages rate the stock "buy" or above and 6 rate it "hold"; the median price target is $40.50 — data compiled by LSEG.
- As of the last close, the stock was down nearly 26% year to date.
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