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Fly News Breaks for May 20, 2015
KRFT, SBUX, GMCR
May 20, 2015 | 08:18 EDT
Argus downgraded Keurig to Hold from Buy, saying it expects difficulties with the Keurig 2.0 brewer to hurt sales of beverage pods and for 2.0 markdowns to weigh on Keurig Green Mountain's earnings in the near-term. The firm also sees Keurig being pressured from price cuts on the pods it makes for Starbucks (SBUX) and Kraft (KRFT) and believes higher coffee costs and KOLD brewing system launch costs will hurt near-term profits.
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