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Wedbush is starting coverage on Peet's Coffee (PEET) with an Outperform and $83 PT, arguing...

Wedbush is starting coverage on Peet's Coffee (PEET) with an Outperform and $83 PT, arguing estimates will rise due to the successful rollout of Peet's medium-roast blend and lower 2013 coffee bean prices. The firm is less positive on Teavana (TEA), which is receiving a Neutral and $21 PT out of a belief the company will have trouble expanding beyond 500 stores in the U.S (it currently has 200).
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Comments (1)
  • rambler1
    , contributor
    Comments (607) | Send Message
     
    TEA can only get to 500 stores. 150% beyond what it currently has. I'll take that over 3-5 years.
    23 Apr 2012, 10:37 PM Reply Like
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