UPDATE: Canaccord Genuity Reiterates Hold Rating, Raises PT on SodaStream International on Long-Term Growth Opportunity

In a report published Tuesday, Canaccord Genuity analyst Scott Van Winkle reiterated a Hold rating on SodaStream International

, and raised the price target from $52.00 to $59.00. In the report, Van Winkle noted, “We believe SodaStream can replicate its long-term success in Europe into both the US and Asia. We anticipate robust near-term growth and favorable trends in the US given broadening distribution and brand awareness.” SodaStream International closed on Monday at $57.29.