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

|By:, SA News Editor

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.