Canaccord Genuity Reiterates a 'Buy' on Green Mountain Coffee Roasters (GMCR): Highlights From Global Growth Conference

Canaccord Genuity reiterates a 'Buy' on Green Mountain Coffee Roasters (NASDAQ: GMCR) price target of $39.00.

Analyst, Scott Van Winkle, said, "We expect several years of strong revenue and earnings growth driven by rising penetration of Keurig single-cup coffee makers in North American households...Investor focus was on the company’s K-cup and distribution channel strategies, including its new tiered pricing plan with the entry of 8 O’Clock Coffee this fall and continued distribution growth in supermarkets...The roll-out of the new Vue brewer platform was also discussed, including a 2013 introduction of two additional versions of the brewer at price points that should drive higher share of new brewer sales."

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 $24.95 yesterday.

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