Canaccord Genuity Lifts PT on Green Mountain (GMCR) to $45

Canaccord Genuity raised its price target on Buy-rated Green Mountain Coffee Roasters (NASDAQ: GMCR) from $39 to $45 following Q4 results.

"We expect several years of strong revenue and earnings growth driven by rising penetration of Keurig single-cup coffee makers in North American households," the analyst comments.

In addition, "Every metric exceeded our expectations and trends have become more consistent and predictable as it appears the channel challenges and quarter-to-quarter volatility of the last year has settled."

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 $28.95 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
• Ross Stores, Inc. (ROST) PT Raised to $240 at Bernstein SocGen Group