These 10 Companies Led Monday’s Downturn

8. Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings saw its share prices decline by 3.26 percent on Monday to finish at $21.68 apiece as investors sold off positions following a downgrade in the company’s stock rating.

On Monday, analysts from Stifel revised their outlook for CELH to $37 from $45 previously as they anticipate a shift in CELH’s sales growth patterns for the upcoming quarters of the year.

In particular, analysts expect CELH sales growth to drop by 8 percent in the first quarter, in contrast to the consensus 4 percent increase.

However, a recovery of 2 percent is expected in the second quarter, which falls below the consensus of 4 percent.

Despite the lower price target, Stifel remains optimistic about the company’s long-term prospects and its ability to navigate through challenging sales performance.