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Baird raises its price targets for coffee brewers due to lower coffee prices, citing increasing...

Baird raises its price targets for coffee brewers due to lower coffee prices, citing increasing earnings visibility, solid demand trends and muted Q1 earnings expectations. It raises Starbux (SBUX +1.5%) to $65 from $58, Peet's Coffee (PEET -0.8%) to $95 from $76, and Caribou (CBOU -2.5%) to $23 from $22.
Comments (1)
  • I got dizzy just looking at PEET's chart and at 40x times this year's earnings with operating margins hovering around 8% and return on equity of a little over 10% this one seems a might "rich". But heck, why rain on this enthusiastic sell side appraisal!
    2 Apr 2012, 03:43 PM Reply Like
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