UPDATE: Canaccord Genuity Starts SodaStream International (SODA) at Hold; Opportunities Begin to Bubble

(Updated - August 13, 2012 8:28 AM EDT)

Canaccord Genuity initiates coverage on SodaStream International (NASDAQ: SODA) with a Hold. PT $45.00.

Analyst, Scott Van Winkle, said, "We are intrigued by SodaStream’s opportunities to replicate its long-term success in Europe into both the US and Asia. While we anticipate robust near-term growth and a favorable 2012 holiday season in the US could drive the shares, we believe the valuation is fair for a highly volatile stock and key metrics will be closely monitored as US distribution is essentially complete."

"We forecast 50% EPS growth this year and 25% next. At 15.6x next year’s EPS forecast, we believe the valuation is justified."

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 $40.06 yesterday.

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