Maxim Group Sticks to Its Buy Rating for Reed’s (REED)


In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Buy rating on Reed’s (REED), with a price target of $1.50. The company’s shares closed last Tuesday at $0.59.

According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 7.0% and a 47.5% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Milestone Scientific, Ra Medical Systems, and Sensus Healthcare.

Reed’s has an analyst consensus of Moderate Buy, with a price target consensus of $2.00.

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The company has a one-year high of $1.64 and a one-year low of $0.36. Currently, Reed’s has an average volume of 368.3K.

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Reed’s, Inc. engages in the provision of carbonated and non-carbonated beverages. Its product lines include Reed’s Ginger Brews, Virgil’s Root Beer, and Flying Culdron Butterscotch Beer. The company was founded by Christopher J. Reed in June 1987 and is headquartered in Los Angeles, CA.

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