Roth MKM started off coverage on Splash Beverage Group (NYSE:SBEV) on Tuesday with a Buy rating.
Analyst Sean McGowan noted that while Splash’s (SBEV) current portfolio of brands currently includes tequila, wine/sangria, and sports drinks – the firm expects the portfolio to grow through internal expansion and potential acquisitions. Of note, the current portfolio today consists of only four brands (TapouT hydration drink, Copa di Vino single serve wine, Pulpoloco sangria, and SALT brand of flavored tequila).