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Dougherty & Co Upgrades Green Mountain Coffee Roasters (GMCR) to Buy

February 16, 2012 12:15 PM EST Send to a Friend
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Price: $133.32 -0.84%

Rating Summary:
    8 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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Dougherty & Co upgraded Green Mountain Coffee Roasters (NASDAQ: GMCR) from Neutral to Buy with an $80 price target.

The firm noted that "Demand for the Keurig Brewer system and K-Cups was exceptionally strong in the December quarter. Brewers achieved historically high market share, while revenue upside came from K-Cups.

Despite the revenue and earnings beat in the quarter, GMCR did not revise its fiscal year guidance and guided well below March quarter estimates. We think the lack of a guidance revision was more about numerous moving parts in the business than fundamental concerns for Q2-Q4, especially given the level of brewer placements that occurred over the holidays."

The firm also reviewed the new Vue system, which is intended to respond to consumer demands for stronger, bigger, hotter, and more (variety) beverage.

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 $65.75 yesterday.




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