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Benzinga
Benzinga
Business
AJ Fabino

PepsiCo Isn't The Only One Bullish On Celsius: This Analyst Explains Why It's A Good Bet

Celsius Pepsi PepsiCo Di Poce CELH Nasdaq

Celsius Holdings, Inc. (NASDAQ:CELH) jumped nearly 12% higher on Monday after the announcement of it entering a long-term distribution partnership with soft-drink behemoth PepsiCo, Inc. (NASDAQ:PEP), a move that analyst Gianni Di Poce expected.

What Happened: The energy-drink maker stated that by making the change, the product will be available on more convenience store shelves, where about 70% of energy drinks are sold.

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