Longbow Upgrades Green Mountain (GMCR) to Buy, Sets $112 Price Target

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Analysts have been defending shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) amid a nearly 20 percent decline in the stock since mid-September. Jumping in line Friday morning is Longbow Research's Alton Stump.

The analyst upgraded shares from Neutral to Buy and set a new $112 price target.

Green Mountain shares are up about 2.2 percent to $93.10 in pre-market action. Stump's new price target suggests potential upside of about 20 percent from where the stock is currently trading.

For more ratings news on Green Mountain Coffee Roasters click here and for the rating history of Green Mountain Coffee Roasters click here.

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