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GMCR a Buy at Cannacord with $40 Target

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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This Article's Word Cloud:   AMEX   AlphaDEX   Canaccord   Coffee   First   Fund   GMCR   Genuity   Green   Growth   Keurig   Kraft   MidCap   Mountain   Pure   Roasters   Rydex   Scott   Starbucks   Winkle   analyst   cannibalization   consumer   could   distribution   expanded   fund   hold   holding   impact   material   opportunity   partnership   penetration   platform   positive   represent   said   searches   shake   solution   target   than   that   their   uncertain   view   while   with   would
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GMCR a Buy at Cannacord with $40 Target | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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