Barclays (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.
SODA stock has stumbled this year on the heels of weak quarterly results and disappointing guidance.
More Stocks to Watch: