Roth/MKM Starts Splash Beverage Group Inc. (SBEV) at Buy, 'distribution muscle of a much larger company'

Roth/MKM analyst Sean McGowan initiates coverage on Splash Beverage Group Inc. (NYSE: SBEV) with a Buy rating and a price target of $3.00.

The analyst comments "We are initiating coverage on Splash Beverage Group ("Splash") with a Buy rating and $3 price target. Splash's portfolio of brands currently includes tequila, wine/sangria and sports drinks, but we expect it to grow through internal expansion and potential acquisitions. Its management team has extensive experience building and managing global beverage brands, which, in our view, gives Splash the distribution muscle of a much larger company. We expect revenue to grow nearly 60% in the coming years, and achieve positive EBITDA by 2025."

For an analyst ratings summary and ratings history on Splash Beverage Group Inc. click here. For more ratings news on Splash Beverage Group Inc. click here.

Shares of Splash Beverage Group Inc. closed at $0.97 yesterday.

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