Why Investors Were Ice-Cold on Celsius Holdings This Week

Investor sentiment on once-hot energy drink maker Celsius (NASDAQ: CELH) was cooling significantly over the past few days. Slowing growth, due in no small part to an issue with a distributor of the company's products, was compounded by two bearish analyst updates. Week to date as of early Friday morning, Celsius' share price was down by 12%, according to data compiled by S&P Global Market Intelligence. The more assertive updating party was Morgan Stanley's Eric Serotta, who reduced his Celsius price target to $42 per share, where previously it was $46. This doesn't change his general view of the stock, which he continues to rate as an equal weight (hold, in other words). According to reports, the analyst pointed out in his latest Celsius update that growth in the energy drinks market has accelerated lately. However, this seems to be at the expense of Celsius, as the company has lost market share to better-established rivals Red Bull and Monster Beverage.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool