Sodastream (SODA) Shares Higher Amid March Strength, Possibility of Cosmetics Partnership

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Shares of Sodastream (Nasdaq: SODA) are outperforming the broader stock market markedly Monday afternoon, potentially on the heels of an earlier research note from Monness, Crespi, Hardt & Co.'s Jim Chartier. The analyst said a recent survey suggested data from March showed continued "strong momentum" in the company's products. Specifically, inventory levels improved over the month.

Chartier maintains a Buy rating and $90 price target on Sodastream shares.

Also affecting investor sentiment this afternoon, a Financial Times report out Friday hinted at Sodastream possibly looking for a partner in the Cosmetics market.

The stock last traded at $33.63, up about 1 percent for the session.

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