Peet's (PEET) Moving Even Lower as Cowen Issues Mid-Day Downgrade
More News related to DDRX
- Notable Mergers and Acquisitions of the Day 02/08: RRC/EVEP, TUC, GMCR/DDRX
- Green Mountain Coffee (GMCR) Subsidiary Extends Tender Offer for Diedrich Coffee (DDRX)
- Green Mountain Coffee Roasters, Inc. Extends Tender Offer to Acquire Diedrich Coffee
- Peet's Coffee & Tea (PEET) Extends Exchange Offer with Diedrich Coffee (DDRX)
- Peet's Coffee & Tea Extends Exchange Offer for Acquisition of Diedrich Coffee
More News related to GMCR
- Notable Mergers and Acquisitions of the Day 02/08: RRC/EVEP, TUC, GMCR/DDRX
- Green Mountain Coffee (GMCR) Subsidiary Extends Tender Offer for Diedrich Coffee (DDRX)
- Green Mountain Coffee Roasters, Inc. Extends Tender Offer to Acquire Diedrich Coffee
- Keurig Introduces First Single-Cup Commercial Brewers with Touch Screen User Interface
- Canaccord Adams Reiterates a 'Buy' on Green Mountain Coffee (GMCR); Raises PT & Estimates
More News related to PEET
- Peet's Coffee & Tea, Inc. to Report Its Fourth Quarter and 2009 Year-End Results
- Peet's Coffee & Tea (PEET) Extends Exchange Offer with Diedrich Coffee (DDRX)
- Peet's Coffee & Tea Extends Exchange Offer for Acquisition of Diedrich Coffee
- Peet's (PEET) CEO Sees FY10 EPS of $0.80-$0.90 with Diedrich
- Peet's Coffee & Tea, Inc. to Present at Cowen and Company Eighth Annual Clean Consumer Conference
More News related to Downgrades
- S&P Lowers Pinnacle Entertainment (PNK) Outlook from Stable to Negative
- Mindspeed (MSPD) Moving Lower as Brigantine Downgrades to Hold
- Davenport Downgrades Electronic Arts (ERTS) to Sell; Lowers Q4, 2010-11 Estimates
- Stifel Nicolaus Downgrades Parkway Properties (PKY) to Sell
- Craig-Hallum Downgrades Terremark (TMRK) to Accumulate
Downside in Peet's Coffee & Tea (Nasdaq: PEET) has intensified in the last few minutes of trading as we are hearing that an analyst at Cowen & Co. has just downgraded the stock from Outperform to Neutral. Shares are now down about 10.4% to around $34.06.
Today's move lower follows news this morning that Peet's has boosted its offer for Diedrich Coffee (Nasdaq: DDRX) from $26 to $32 in a cash and stock deal. Peet's was forced to made a higher offer as Green Mountain Coffee Roasters (Nasdaq: GMCR) recently came in and made an all-cash bid for Diedrich at $30 per share. Green Mountain issued a release confirming that bid following Peet's boosted offer.
Peet's Coffee & Tea, Inc., together with its subsidiaries, operates as a coffee roaster and marketer of roasted whole bean coffee and tea in the United States.
Related Categories
DowngradesMomentum Movers
Stocks Mentioned
+0.01Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
