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REEDS INC (REED) [hlAlert]

Rating:
Buy REED

REEDS INC (REED) rated Buy with price target $10 by Maxim Group

Posted on: Thursday,  Dec 10, 2015  8:25 AM ET by Maxim Group

REEDS INC (AMEX: REED)
rated Buy with price target $10 by Maxim Group.

Reed?s, Inc. develops, manufactures, markets and sells natural non-alcoholic and New Age beverages, candies and ice creams. New Age Beverages is a category that includes natural soda, fruit juices and fruit drinks, ready-to-drink teas, sports drinks and water. As of December 31, 2008, the Company manufactured, marketed and sold five product lines: Reed?s Ginger Brews; Virgil?s Root Beer, Cream Sodas and Real Cola, including diet sodas; China Colas; Reed?s Ginger Chews, and Reed?s Ginger Ice Creams. The Company sells most of its products in specialty gourmet and natural food stores, supermarket chains, retail stores and restaurants in the United States, and to a lesser degree, in Canada, Europe and other international territories. It primarily sells its products through a network of natural, gourmet and independent distributors. During the year ended December 31, 2008, the Company launched its Peanut Butter Ginger Chews, the second candy in the Reed?s Ginger Chew line.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2015 8:25 AM Buy
None
10.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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