Dougherty Starts SodaStream (SODA) at Buy, Sets $45 Price Target
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Price: $143.68 --0%
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Dougherty & Co's Greg McKinley just initiated coverage on shares of SodaStream International (NASDAQ: SODA) with a Buy rating and $45 price target.
McKinley believes Soda is "in the midst of enjoying a major distribution expansion in the US, which will fuel strong revenue growth into 2012." Despite recent concerns about the long-term viability of the company's system in the US, the analyst said "the market-implied equity value of the US and future markets combined with the strong brand building successes of SODA team in multiple international markets, as well as its accomplishments to date in its US efforts, will enable appreciation in SODA shares from current levels."
With shares of Soda up 1.6 percent to $37.28 at last check, McKinley's new price target represents potential upside of about 21 percent.
For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.
McKinley believes Soda is "in the midst of enjoying a major distribution expansion in the US, which will fuel strong revenue growth into 2012." Despite recent concerns about the long-term viability of the company's system in the US, the analyst said "the market-implied equity value of the US and future markets combined with the strong brand building successes of SODA team in multiple international markets, as well as its accomplishments to date in its US efforts, will enable appreciation in SODA shares from current levels."
With shares of Soda up 1.6 percent to $37.28 at last check, McKinley's new price target represents potential upside of about 21 percent.
For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.
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