Piper Jaffray raises its price target on Jones Soda (JSDA) to $31
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Piper Jaffray raises its price target on Jones Soda (Nasdaq: JSDA) from $18 to $31, maintaining their outperform rating. Analyst Nicole Miller Regan said, "Margin expansion is driving the model as the company potentially achieves 30% ACV in FY07 and 50% in FY08 of its premium private label brand. We believe that the initial pipeline fill is shipping and being shelved (targeted goal of Memorial Day) as expected."
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