Piper Jaffray Reiterates Overweight on Green Mountain Coffee, Raises PT to $117

Piper Jaffray reiterated its Overweight rating on Green Mountain Coffee GMCR. At the same time, the rating agency raised its price target on the company's stock from $95 to $117. On Wednesday, GMCR lost 4.29% of its value to finish the day at $88.11. Its shares are making a breath-taking rebound in today's pre-market trading, surging 18.05% to stand around $104.01.