Dougherty & Co Downgrades Green Mountain Coffee Roasters (GMCR) to Neutral
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Price: $80.22 +0.77%
Rating Summary:
7 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
7 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade GMCR Now!
Dougherty & Co downgraded Green Mountain Coffee Roasters (NASDAQ: GMCR) from Buy to Neutral, price target lowered from $65 to $35.
Analyst, Gregory J. McKinley, said, The March quarter demonstrated major deterioration in fundamental performance, while the outlook for 2H suggests the risk for further slowdown in portion pack demand, declining attachment rates, and a lack of fundamental visibility and predictability for the company and the investment community."
"The business has materially surprised GMCR in each of the last four quarters and it has become increasingly difficult for the company to project its short-term performance – a fact it clearly acknowledged on the call last night."
McKinley cuts 2012E EPS from $2.51 to $2.17 and revenues from $4.38 billion to $3.88 billion; introducing 2013E EPS of $2.57 and revenues of $4.60 billion"
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 $25.87 yesterday, with a 52 week range of $24.40-$115.98.
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Analyst, Gregory J. McKinley, said, The March quarter demonstrated major deterioration in fundamental performance, while the outlook for 2H suggests the risk for further slowdown in portion pack demand, declining attachment rates, and a lack of fundamental visibility and predictability for the company and the investment community."
"The business has materially surprised GMCR in each of the last four quarters and it has become increasingly difficult for the company to project its short-term performance – a fact it clearly acknowledged on the call last night."
McKinley cuts 2012E EPS from $2.51 to $2.17 and revenues from $4.38 billion to $3.88 billion; introducing 2013E EPS of $2.57 and revenues of $4.60 billion"
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 $25.87 yesterday, with a 52 week range of $24.40-$115.98.
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