Jefferies Maintains Bullish Stance on Caribou Coffee (CBOU) Following Consumer Conference

Jefferies commented on Caribou Coffee (NASDAQ: CBOU) after the company's presentation at the Jefferies 2011 Global Consumer Conference. The firm reiterated their Buy rating and $14 price target.

The firm commented, "Mgmt provided an upbeat view on success of recent sales initiatives & continued to convey a manageable cost profile in an environment where competitors are being forced to raise prices more aggressively. As valuations in the premium coffee space climb on speculation surrounding growth opps in single-serve, CBOU flies under-the-radar. We see 25% EPS growth over time & valuation expansion with broader ownership & awareness."

For more ratings news on Caribou Coffee click here and for the rating history of Caribou Coffee click here.

Shares of Caribou Coffee closed at $12.06 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• RBC Capital Downgrades Ducommun (DCO) to Sector Perform
• Northland Upgrades Better Home & Finance Holding (BETR) to Outperform
• Needham Assumes Centrus Energy Corp. (LEU) at Buy