SodaStream (SODA) had Strong Holiday Season, Thinks Oppenheimer

January 23, 2013 12:56 PM EST
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Price: $41.03 +0.27%

Rating Summary:
    2 Buy, 14 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Today analysts at Oppenheimer reiterated their bullish call on home beverage company SodaStream (Nasdaq: SODA). Following discussions with SODA executive Yonah Lloyd, analysts said they think profitability is reaching an inflection point. They are also optimistic about increased advertising.

"As expected, Mr. Lloyd noted that SODA had an excellent 4Q worldwide and a very strong holiday season in the US, helped by a new television advertising campaign and the launch of the Source machine," said analyst Joseph Altobello.

Altobello expects momentum at SodaStream to continue to build in 2013 and reiterating an Outperform rating on the stock, with a upward revised price target of $60 (from $55).

For an analyst ratings summary and ratings history on SodaStream International (Nasdaq: SODA) click here. For more ratings news on SodaStream International click here.

Shares of SodaStream International closed at $49.75 yesterday.

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