Roth Capital Starts The Alkaline Water Co. (WTER) at Buy

June 8, 2020 8:32 AM EDT
Get Alerts WTER Hot Sheet
Price: $1.44 -0.69%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 42
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Roth Capital initiates coverage on The Alkaline Water Co. (NASDAQ: WTER) with a Buy rating and a price target of $3.50.

The analyst comments "We initiate WTER, a leading value added water supplier, with a Buy rating and $3.50 price target. Shares should benefit from: 1) Visible, accelerating distribution, including large, underpenetrated channels (convenience stores, hospitality) and markets (Northeast); 2) strong underlying functional water category growth driven by health and wellness consumer trends; 3) SKU augmentation, driven by flavor infused alkaline water/aluminum innovation; 4) new CBD launch, accelerated by "88's" proven brand and built mass distribution and; 5) valuation ~4 turns blow peers."

For an analyst ratings summary and ratings history on The Alkaline Water Co. click here. For more ratings news on The Alkaline Water Co. click here.

Shares of The Alkaline Water Co. closed at $1.37 yesterday.



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