Stock Track | Celsius Stock Stumbles as Ladenburg Cuts Price Target
Shares of Celsius Holdings Inc. took a hit on Monday, plummeting 5.64% as analysts at Ladenburg Thalmann lowered their price target on the energy drink maker.In a research note issued before the market open, Ladenburg analyst John Doe trimmed the firm's price target on Celsius to $68 per share from $72 previously. Despite the cut, Doe maintained a Buy rating on the stock, citing the company's strong growth prospects.The price target reduction comes ahead of Celsius' third-quarter earnings repor