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Fly News Breaks for April 20, 2015
GMCR
Apr 20, 2015 | 08:10 EDT
Morgan Stanley said Keurig Green Mountain weakness is in part due to skepticism on Hot penetration and Kold growth prospects. Firm believes concerns are overstated and acknowledges disappointing year-to-date brewer trends but said there is a long ramp for increased penetration in the U.S. and little deterioration in brewer purchase intent and strong interest in Kold. Morgan Stanley views valuation as compelling and reiterates its Overweight rating and $155 price target.
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