Better Quality Attracting New Partners to Green Mountain (GMCR) - Analyst

March 6, 2013 10:45 AM EST Send to a Friend
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Price: $136.63 +1.13%

Rating Summary:
    9 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 23 | New: 30
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KeyBanc today maintained a Buy rating on Green Mountain Coffee Roasters (NASDAQ: GMCR) with a price target of $55.00. Analyst Akshay S. Jagdale said he was impressed by the company’s new CEO, Brian Kelley, and feels more confident in the company’s ability to improve operations and fend off competition. Jagdale also said checks were positive.

"Our proprietary channel checks, which include regular conversations with companies that represent about 95% of non-licensed singleserve capacity, continue to point to capacity shortages and significant product quality problems for new non-licensed manufacturers. As a result of the aforementioned issues, GMCR is seeing more interest from retailers and brands (that are currently not in the system) for partnership opportunities," stated the analyst.

He said he would not be surprised if Green Mountain Coffee Roasters announced partnerships with a few additional private label and manufacturer brands.

For an analyst ratings summary and ratings history on Green Mountain Coffee Roasters (NASDAQ: GMCR) click here. For more ratings news on Green Mountain Coffee Roasters click here.

Shares of Green Mountain Coffee Roasters closed at $48.41 yesterday.


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