Keurig Green Mountain: Analyst Slashes Price Target, Insists Stock is Still a Buy

Williams Capital analyst Marc Riddick cut his price target on Keurig Green Mountain (GMCR) to $151 from $63 but stands by his Buy rating following last week’s disastrous earnings report. He explains why: Daniel Acker/Bloomberg News The Rationale behind our Buy Rating: Our $63.00 price target implies 19.1% upside from current levels, which is a [...]