Celsius Stock Slips as Analyst Steps to Sidelines

Celsius Holdings Inc (NASDAQ:CELH) is down 3.7% at $25.78 at last glance, after a downgrade from TD Cowen to "hold" from "buy," to go with a price-target cut to $29 from $40. The firm cited a sales slowdown, as well as increased competition from Alani Nu and other brands. Today's drop has CELH coming very close to its Nov. 18 two-year low of $25.23, though a floor of support at the $25 level has been in place for the last few months. Year over year, the equity is down roughly 51%, and is a far cry from its ...