Reeds (NYSEAMERICAN:REED) Lowered to “Hold” Rating by Alliance Global Partners

Reeds (NYSEAMERICAN:REED) was downgraded by equities research analysts at Alliance Global Partners from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Reeds Stock Performance

About Reeds

Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.

The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.

Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.