Argus has initiated coverage of Green Mountain Coffee (NASDAQ:GMCR) with a rating of Buy and a price target of $130. The shares recently traded at $101.35, down $2.76, or 2.65%, on the day. The shares have traded in a 52-week range of $26.14 to $115.98 and its market capitalization is $15.52 billion. About the company: Green Mountain Coffee Roasters, Inc. roasts Arabica coffees and offers various coffee selections. The Company’s products include single-origin, estate, certified organic, Fair Trade, signature blends, and flavored coffees sold under the Green Mountain Coffee Roasters brand. Green Mountain serves offices, supermarkets, and convenience stores, and operates a direct mail business.
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