Jefferies Starts Caribou Coffee (CBOU) at Buy, Price Target $14

Article Stock Quotes (1) Comments (0)

Jefferies initiates coverage on Caribou Coffee (NASDAQ: CBOU) with a Buy rating and a price target of $14. The firm is expecting the company to make improvements to their current retail coffeehouses, specifically in unit volume sales, along with an increase in the amount business the company does in the consumer packaged goods market. Those two, combined with adding additional retail locations internationally and domestically, Jefferies estimating CBOU will grow by 25-20% over the next to years. The firms FY10-12 EPS/revenue estimates are $0.26/$280.6M, $0.36/$301.2M, and $0.46/$329.5M.

For more ratings news on Caribou Coffee click here and for the rating history of Caribou Coffee click here.

Shares of Caribou Coffee closed at $10.30 yesterday, with a 52 week range of $6.58-$11.84.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Topeka Capital Starts Laredo Petroleum (LPI) at Buy, Assets 'Undervalued'
• WallachBeth Capital Starts Globus Medical (GMED) at Buy
• Cowen Starts Triumph Group (TGI) at Neutral

Create E-mail Alert Related Categories

New Coverage

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?