Market Overview

UPDATE: Barclays Downgrades SodaStream to Equalweight, Expecting Challenges Ahead

Related SODA
Morning Market Movers
Benzinga's Top #PreMarket Gainers
Coca-Cola to Become Keurig's Biggest Investor (Fox Business)

SodaStream (NASDAQ: SODA) was downgraded from Overweight to Equalweight by Barclays Monday. Analyst David Kaplan lowered his price target from $55 to $40.

The Barclays note follows fourth-quarter results and guidance from SodaStream on February 26th. Kaplan noted the company's guidance for 3 percent bottom-line growth in 2014, far below his 36 percent estimate.

Kaplan believes the company “faces challenges” on the execution, competition, and distribution fronts. His $40 price target is based on “17x 2015E EPS of $2.35.” The 17x multiple used by Kaplan is in-line with the industry average and reflects lowered growth outlook.

Shares initially opened down 3 percent to $38.27, but since have rebounded slightly; the stock last traded at $39.25, down about 0.6 percent for the session.

Latest Ratings for SODA

DateFirmActionFromTo
Jul 2014BarclaysUpgradesUnderweightEqual-weight
Jul 2014CitigroupMaintainsBuy
Jul 2014JP MorganMaintainsNeutral

View More Analyst Ratings for SODA
View the Latest Analyst Ratings

Posted-In: Analyst Color News Downgrades Price Target Analyst Ratings

 

Related Articles (SODA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters