Dougherty & Co Downgrades Caribou Coffee (CBOU) to Neutral; Does Not See Higher Bid

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Dougherty & Co downgraded Caribou Coffee (NASDAQ: CBOU) from Buy to Neutral with a price target of $16.00 (from $14.00) on the pending acquisition. The firm does not see a higher competing bid.

For an analyst ratings summary and ratings history on Caribou Coffee click here. For more ratings news on Caribou Coffee click here.

Shares of Caribou Coffee closed at $16.10 yesterday, with a 52 week range of $9.93-$18.84.

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