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Fly News Breaks for May 11, 2016
SODA
May 11, 2016 | 08:23 EDT
Roth Capital analyst Anton Brenner expects sustained sales and income improvement for SodaStream through the year, with marketing spend turning up and several new initiatives likely to bolster revenues and margins being launched. Sales momentum is expected to be restored as the company transitions from a soda to a sparkling water focus, the analyst tells investors in a research note. However, at this early stage of the turnaround he remains cautious. Brenner reiterates a Buy rating on the stock and raised his price target on the shares to $22 from $20.
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