From Schaeffers Research:
Shares of GMCR are trading fractionally lower this morning, despite a generous price-target hike to $97 from $65 at Canaccord Genuity. The brokerage firm also reiterated a "buy" rating on the Vermont-based beverage concern -- but if the shares aren't showing much response to this bullish note, it's likely because they're due to consolidate some gains. GMCR gapped higher last week after a well-received earnings report, and now sports a borderline-overbought Relative Strength Index (RSI) of 68.
http://www.schaeffersresearch.com/commentary/content/upgrades+downgrades+anf+ccj+do+gmcr+and+sndk/trading_floor_blog.aspx?single=true&blogid=106211
GMCR is 77 in the after-hours, quite a bit higher from the 27 we were picking it up on the SEC investigation news!
Happy Trading...
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