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Fly News Breaks for May 29, 2015
GMCR
May 29, 2015 | 08:46 EDT
As previously reported, Wedbush initiated coverage of Keurig Green Mountain with a Neutral rating and $100 price target, as the firm believes ongoing questions around its Keurig 2.0 brewers and upcoming Kold machines will continue to be a drag. The firm thinks Keurig is unlikely to experience meaningful earnings acceleration while it spends to support both newer platforms. Keurig Green Mountain shares closed yesterday at $88.22.
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