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In a report issued Thursday, Barclays downgraded its rating of SodaStream International Ltd.
SODA from Equal Weight to Underweight with a target price of $35.
Analyst David Kaplan sees near term execution and competitive risks as real issues for SodaStream which provides large risk for investing in the company as a whole. With a weak showing in the U.S. for the first quarter, SodaStream would really have to improve U.S. business to regain success because the U.S. is the key market.
SodaStream will open at $39.62 in Thursday's session.
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