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UPDATE: Citigroup Initiates SodaStream International at Buy on Momentum

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Citigroup initiated coverage on SodaStream International Ltd. (NASDAQ: SODA) with a Buy rating and a $60.00 price target.

Citigroup said, "SODA's growth over the last year has come from new distribution wins, higher household penetration rates and stronger levels of ongoing consumption. While we believe that as the law of larger numbers kick in, SODA's growth will slow (e.g. we model revenue growth slowing from 36% in 2012 to 20% in 2013), we nonetheless expect SODA will be one of the fastest growth stories in our group over the next few years."

SodaStream International closed at $47.00 on Thursday.

Latest Ratings for SODA

DateFirmActionFromTo
Dec 2014Rhino TradingInitiates Coverage onBuy
Oct 2014Deutsche BankMaintainsHold
Oct 2014Roth CapitalDowngradesBuyNeutral

View More Analyst Ratings for SODA
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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