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Fly News Breaks for April 16, 2015
GMCR
Apr 16, 2015 | 09:21 EDT
UBS noted Keurig Green Mountain's 2.0 reviews are still below older brewer ratings, but the firm has been aggressive in filtering out influenced reviews. UBS noted several improvements, but it still waiting to hear the company is on track to normalize inventory and resume brewer growth in the second half of the year. UBS said the risk/reward is attractive long-term, but acknowledges near-term challenges. UBS reiterated its Buy rating but lowered its price target to $160 from $168 on Keurig Green Mountain shares.
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