SodaStream (SODA) Bullish Stance Reiterated at Roth Capital; Sees Gradual Recovery in 2nd-Half

Roth Capital analyst Anton Brenner reiterated a Buy rating and $29 price target on SodaStream International (NASDAQ: SODA) following results yesterday. The firm expects a gradual recovery in the 2nd-half.

Brenner commented, "During SodaStream's global transition from a soda company to a health and wellness focused company featuring sparkling water flavors consisting of natural ingredients and no artificial sweeteners, sales and margins have been sharply reduced as U.S. legacy inventory stocks are depleted. The strong U.S. dollar also has had a significant negative effect on revenues. We view the product changes favorably and we anticipate a rebound commencing in 2H. We retain our Buy rating."

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 $17.31 yesterday.

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