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UPDATE: Barclays Downgrades SodaStream to Equalweight, Expecting Challenges Ahead

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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
May 2016JefferiesMaintainsHold
Feb 2016Roth CapitalMaintainsBuy
Dec 2015JefferiesInitiates Coverage onHold

View More Analyst Ratings for SODA
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Posted-In: Analyst Color News Downgrades Price Target Analyst Ratings

 

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