Reeds (NYSEAMERICAN:REED) Downgraded by Alliance Global Partners to Hold

Alliance Global Partners downgraded shares of Reeds (NYSEAMERICAN:REED) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Reeds Trading Down 100.0%

Reeds Company Profile

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.