By Market News Video Staff, Friday, November 5, 10:30 AM ET
Canaccord Genuity consumer analyst Scott Van Winkle, said that while the Kraft (KFT) / Starbucks (NASDAQ:SBUX) distribution relationship shake-up has an uncertain impact on Green Mountain Coffee (NASDAQ:GMCR), it could represent a partnership opportunity.
The report said that if Starbucks searches for a non-Via single-cup platform, Keurig could be the solution. They would view a Starbucks deal for GMCR as a material positive as cannibalization would likely be more than offset by expanded penetration.
Canaccord has GMCR as a buy with a target of $40 per share.
The First Trust Consumer Staples AlphaDEX Fund (AMEX:FXG) hold 3.69% of the ETF in GMCR. Rydex S&P MidCap 400 Pure Growth ETF (AMEX:RFG) has Green Mountain Coffee Roasters as their #2 holding at 2.6% of the fund.
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