Dougherty & Co Downgrades Caribou Coffee (CBOU) to Neutral; Taking a Seat After K-Cup Uncertainty
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Price: $15.99 --0%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co downgraded Caribou Coffee (NASDAQ: CBOU) from Buy to Neutral.
Analyst, Gregory J. McKinley, said, "The results from Green Mountain (Nasdaq: GMCR) last night raise questions about the health of the K-Cup system and reduce our confidence that CBOU will be in a position to consistently exceed expectations in 2012 as it did in 2011. While we do not think a change in the health of the Keurig system is likely to impact March quarter results, the questions it raises make us more cautious on CBOU over the next couple of quarters. As such, we are moving to the sidelines with a Neutral rating until we better understand the potential impact to CBOU."
For an analyst ratings summary and ratings history on Caribou Coffee click here. For more ratings news on Caribou Coffee click here.
Shares of Caribou Coffee closed at $13.99 yesterday.
Analyst, Gregory J. McKinley, said, "The results from Green Mountain (Nasdaq: GMCR) last night raise questions about the health of the K-Cup system and reduce our confidence that CBOU will be in a position to consistently exceed expectations in 2012 as it did in 2011. While we do not think a change in the health of the Keurig system is likely to impact March quarter results, the questions it raises make us more cautious on CBOU over the next couple of quarters. As such, we are moving to the sidelines with a Neutral rating until we better understand the potential impact to CBOU."
For an analyst ratings summary and ratings history on Caribou Coffee click here. For more ratings news on Caribou Coffee click here.
Shares of Caribou Coffee closed at $13.99 yesterday.
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