Reed’s price target raised to $1.75 from $1.50 at Roth MKM

Roth MKM raised the firm’s price target on Reed‘s (REED) to $1.75 from $1.50 and keeps a Buy rating on the shares. The company’s Q4 results and the improvement in its balance sheet from a late Q4 equity raise show that Reed’s has made significant strides in its efforts to return to achieve sustainable profitability, the analyst tells investors in a research note.