Walmart is marketing and selling SODA like hotcakes (much more than Costco)
SodaStream jumps after Wal-Mart highlights at conference
Shares of SodaStream (SODA), which develops at-home soda makers, are climbing after Wal-Mart (WMT) yesterday made positive references to the company in an investor presentation. WHAT'S NEW: Yesterday at a Goldman Sachs conference, Wal-Mart identified SodaStream as among the companies having "continuing momentum" and as a "national brand" in its presentation slides. ANALYST REACTION: Wal-Mart's inclusion of SodaStream in its presentation indicates that the giant retailer is "pleased with the performance of the product and expects healthy contributions from it" in the second half of the year, Dougherty analyst Greg McKinley wrote. He kept an $80 price target and Buy rating on the shares. TODAY'S PRICE ACTION: In mid-morning trading, SodaStream rallied $3.25, or 5%, to $68.60.