Green Mountain appoints Michael Degnan Chief Legal Officer, General Counsel Green Mountain Coffee Roasters announced Michael Degnan has been appointed Chief Legal Officer, Corporate General Counsel. In addition, Sonia G. Cudd has been appointed Secretary. Both appointments are effective March 31. Degnan originally came to GMCR through the acquisition of Keurig, Incorporated in 2006.
Keurig Green Mountain price target lowered to $95 from $117 at BofA/Merrill BofA/Merrill lowered Neutral rated Keurig Green Mountain's price target to $95 from $117 and lowered estimates to reflect 2016 spending and slower hot platform growth. The firm expects 2016 to be a significant investment year and lowered its hot brewer expectations due to a muted consumer reception for second generation brewers.