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SunTrust Says Checks Indicate Strong Holiday Sales of Keurig; Maintains Buy on Green Mountain (GMCR)

January 3, 2012 9:27 AM EST Send to a Friend
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Price: $94.08 --0%

Rating Summary:
    8 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 9 | New: 6
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SunTrust Robinson Humphrey maintains a 'Buy' on Green Mountain Coffee Roasters (NASDAQ: GMCR) price target of $90.00.

SunTrust analyst, William Chappell, reported that K-cup sales went extremely well over the holidays, citing the firm's 'Extensive Channel Checks'. Chappell also sees better-than-expected (Q1) earnings and the strong holiday sales (of Keurig machines and K-cups) should help dissipate recent concerns on inventory levels and brewer sell-through.

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 $44.85 yesterday.




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