Roth Capital Reiterates Neutral On Green Mountain Coffee Shares, $120 PT
In a research report issued today, Roth Capital analyst Anton Brenner reiterated a Neutral rating on Green Mountain Coffee (NASDAQ:GMCR) with a price target of $120.
Brenner noted, “With two major new platforms being introduced over the next year, R&D and marketing outlays rising sharply, new partner brands being added, and existing brewer lines being phased out, quarterly comparisons going forward should be volatile. We believe that Coca-Cola’s participation in Keurig’s hot brewing system could be meaningful longer term as GMCR expands internationally, but should have little impact currently.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 10.6% and a 57.7% success rate. Brenner has a 56.9% average return when recommending GMCR, and is ranked #809 out of 3255 analysts.