KeyBanc sees major upside for SodaStream

|About: SodaStream International (SODA)|By:, SA News Editor

KeyBanc initiates coverage on SodaStream (SODA) with a Buy rating and lofty $70 price target.

The investment firm notes that SodaStream trades at a discount to its historical projected EPS multiple as the stock reflects the reality that a Coca-Cola or PepsiCo partnership might not happen.

The introduction of Green Mountain Coffee Roaster's cold platform isn't expected to have a significant impact on SodaStream's earnings track for 2014 or 2015.

SODA +2.5% premarket to $49.62.