SodaStream Downgrade Takes Fizz Out of SODA Stock

Its shares have fallen over the past year

SodaStream (SODA) shares sank more than 5% in Thursday morning trading after the stock was downgraded by an investment bank.

SodaStreamBarclays (BCS) cut its rating for SodaStream from “Equal Weight” to “Underweight.” Barclays analyst David Kaplan cited rising competition and short-term performance risks for SodaStream, Benzinga notes.

The British bank has a price target of $35 per share for SodaStream. On Wednesday, SodaStream closed at $39.62 per share.

Last month, SodaStream shares rallied on a report that Starbucks (SBUX) might purchase a 10% stake in the Israeli carbonated beverage machine-maker.

SODA stock has stumbled this year on the heels of weak quarterly results and disappointing guidance.

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