Celsius shares get an energy kick from a boosted stock rating and price target

With much of the broader market in need of a few hundred milligrams of caffeine, shares of energy drink maker Celsius are seeing some increased fizz on Monday, climbing 8% in afternoon trading.

Behind the surge: an upgrade from “hold” to “buy” from Truist Securities, along with a $10 bump in the stock’s 12-month price target to $45.

Truist appears to like Celsius’ $1.8 billion late February acquisition of rival energy drink maker Alani Nu. The deal will reportedly bump Celsius’ energy drink market share from 11% to 16%. According to Truist, the deal “provides [Celsius] with an extremely strong position in the women’s segment of the US energy drink category.”

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From Macs to iPods, iPhones, and now services, here’s how Apple’s business has looked every 10 years.

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Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

JetBlue did not immediately respond to a request for comment.

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Americans won’t tolerate bland food anymore — and it’s turned McCormick into a ~$7 billion-a-year spice and sauce giant

Now, McCormick is eyeing Unilever’s food business.

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