Coffee Stocks Get Burned By Green Mountain Downgrade (FARM, CBOU, SBUX, GMCR, PEET)
Green Mntn Coffee Roaster (GMCR) is off by another -6% today after receiving a downgrade to Neutral from Buy at Dougherty. The analyst lowered its price target to $80 from $100, noting that confidence in a return to 75% K-Cup growth in the second half is not as high as the firm would need to justify buying the stock. Green Mountain shares got hammered earlier this week after the company offered disappointing guidance in its first-quarter earnings report. The stock is currently a laggard among components of the Coffee Stocks Index over the past week, of by -16%.
Across all of tickerspy’s Indexes, the Coffee Stocks Index is ranked 214 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Coffee Stocks Index at tickerspy.com.
More on this topic (What's this?)
(GMCR) Green Mountain Coffee Roasters Upped to Strong Buy (Stock Blog Hub, 4/21/13)
(SBUX) Starbucks Enhances Loyalty Program (Stock Blog Hub, 4/8/13)
CBOU (Samurai Trader, 5/24/10)
|Home | Find | Research | Track | Register | My Account | Logout||Web site design by LightMix|
|© 2010 Indie research Corp. All rights reserved.|