Splash Beverage initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Scott Buck initiated coverage of Splash Beverage with a Buy rating and $2.50 price target. The analyst sees an opportunity to acquire the "discounted shares" ahead of a 2023 "inflection." As the company begins to report a "substantial step up" in revenue, as early as the Q4 results in March, investors are likely to extrapolate a path towards profitability, driving new interest in Splash Beverage, the analyst tells investors in a research note.