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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
Apr 2015SusquehannaInitiates Coverage onPositive
Mar 2015CitigroupMaintainsBuy
Feb 2015CitigroupMaintainsBuy

View More Analyst Ratings for SODA
View the Latest Analyst Ratings

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

 

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