Did they propose a new target price? All I heard was that they removed the old target price of 85 upon the downgrade.
Here was their reasoning for removing the target price of 85:
"In the report, Oppenheimer noted, “We are downgrading SodaStream to Perform from Outperform and removing our prior DCF-derived $85 target price. We believe a handful of factors, including a difficult base period that benefited from the launch into Wal-Mart and some de-stocking around the launch of the new Source machine, will lead to somewhat choppy 2Q results and limit upside to our estimates.”
Obviously their assumptions were wrong, and they can see that now, so it does seem they should revise their rating at this point.