Canaccord Genuity Reiterates a 'Buy' on Green Mountain Coffee Roasters (GMCR); One Gift at a Time This Holiday

Canaccord Genuity reiterates a 'Buy' on Green Mountain Coffee Roasters (NASDAQ: GMCR) price target of $94.00.

Canaccord analyst, Scott Van Winkle, said, "We expect several years of rapid growth, driven by rising penetration of Keurig single-cup coffee makers in coffee-drinking households that should drive higher revenue growth and even higher rates of earnings growth as the margin story unfolds...Shelf space up 30% to 50% vs. last year. Only new competition is CBTL at Bed,
Bath & Beyond (Nasdaq: BBBY). Shelf space down for Tassimo, but up for Dolce Gusto."

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 $48.92 yesterday.

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