Williams Capital Group Raises Keurig Green Mountain Price Target

On Wednesday, analysts at Williams Capital Group raised the price target on Keurig Green Mountain Inc (NASDAQ: GMCR) from $131 to $151 and reiterated the Outperform rating.

“We are increasing our F2015 adjusted diluted earnings per share estimate to $4.20, up from our prior estimate of $4.18, to reflect the November 2014 coffee price increase, continued strength in K-Cup sales, new relationship partner announcements, and new product introductions.”

“We expect manageable coffee prices, which are over 90% locked in for F2015. We also expect greater brewer sales, increased spending on R&D, brand building efforts behind new products, and continued competitive pressures from all coffee providers.”

Shares of Keurig Green Mountain closed Wednesday at $138.24, up 3.95 percent.