Jefferies starts LeMaitre at Buy on ArteGraft upside potential 07:50 LMAT As previously reported, Jefferies analyst Anthony Petrone initiated coverage of LeMaitre with a Buy rating and $70 price target. The company has a history of establishing a deep presence as a lead supplier primarily of vascular access solutions where "competition is either thin or virtually nonexistent," which has allowed it to increase its average selling prices while maintaining or growing its lead share position, Petrone tells investors. Meanwhile, the company acquired privately-held ArteGraft in 2020 and he views this deal as one that is "transformative" and with the potential to drive sales growth to higher level, while stating that LeMaitre's balance sheet could allow it to pursue "more transformative M&A."
Jefferies starts Celsius at Buy, sees runway for growth and share gains 07:45 CELH As previously reported, Jefferies analyst Kevin Grundy initiated coverage of Celsius Holdings with a Buy rating and $115 price target. Celsius is a "disruptive" brand in an energy drink category that has seen its appeal broadened by the emergence of the "performance," or "functional," sub-segment as consumers seek healthier and more authentic brands. His U.S. industry model base case presumes that Celsius grows its market share to 5%-6% by 2025 from 1.5% currently and he sees a "long runway for growth," projecting a greater than 60% sales compound annual growth rate from FY21-23, Grundy said.
Jefferies starts Celsius at Buy, sees runway for growth and share gains 07:45 CELH As previously reported, Jefferies analyst Kevin Grundy initiated coverage of Celsius Holdings with a Buy rating and $115 price target. Celsius is a "disruptive" brand in an energy drink category that has seen its appeal broadened by the emergence of the "performance," or "functional," sub-segment as consumers seek healthier and more authentic brands. His U.S. industry model base case presumes that Celsius grows its market share to 5%-6% by 2025 from 1.5% currently and he sees a "long runway for growth," projecting a greater than 60% sales compound annual growth rate from FY21-23, Grundy said.