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KeyBanc Maintains a 'Buy' on Green Mountain Coffee Roasters (GMCR); Cutting PT & Estimates

May 3, 2012 9:20 AM EDT Send to a Friend
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Price: $98.67 -0.14%

Rating Summary:
    8 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 13 | New: 52
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KeyBanc maintains a 'Buy' on Green Mountain Coffee Roasters (NASDAQ: GMCR) price target cut from $80 to $45.

Analyst, Akshay S. Jagdale, said, "GMCR 2Q12 was disappointing on numerous fronts – the Company missed on sales in the quarter, set 3Q12 guidance well below consensus, and lowered its FY12 sales and EPS guidance. As a result of the aforementioned disappointing results, management’s credibility is yet again under question. We believe that GMCR’s growth story is still largely intact, but believe that the stock’s valuation reflects otherwise."

"We are reducing our FY12 EPS estimate from $2.77 to $2.40 (guidance range is $2.40-$2.45) and our FY13 EPS estimate from $4.23 to $3.00."

For an analyst ratings summary and ratings history on Green Mountain Coffee Roasters click here. For more ratings news on Green Mountain Coffee Roasters click here.

Shares of Green Mountain Coffee Roasters closed at $49.52 yesterday.




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