Fly News Breaks for May 7, 2015
GMCR
May 7, 2015 | 07:58 EDT
Susquehanna lowered its price target on Keurig Green Mountain to $140 from $154 following its Q2 results. The firm noted the negative mix trends in K-Cups and its impact on margins, but thinks that is long-term neutral. Susquehanna thinks the company should get out of brewers and increase its reliance on more owned brands in the value and mid-tier range and thinks Keurig Kold could add to stock upside. Susquehanna reiterated its Positive rating on Keurig Green Mountain shares.
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