Deutsche Bank Lifts PT on SodaStream (SODA)

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Deutsche Bank raised its price target on Buy-rated SodaStream International (NASDAQ: SODA) price target of $56.00 (from $50.00) following Q4 results, saying the company is entering the next chapter.

The firm comments, "Company is continuing to drive strong top-line trends as distribution expansion continues and higher margin consumables business gains traction. With US retail distribution footprint largely complete, company has to prove that household penetration and usage can expand and higher margin consumables
can fill the growth gap; which we are continuing to monitor. Valuation looks compelling relative to growth noting potential for strategic partnerships, additional international expansion and company making operational investments which should drive margin growth beyond 2013."

For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.

Shares of SodaStream International closed at $49.10 yesterday, with a 52 week range of $28.28-$53.99.

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