KeyBanc Capital Markets Initiates Teavana Holdings Coverage: Buy, $28 PT
KeyBanc Capital Markets initiated coverage on Teavana Holdings (NYSE: TEA) with a $28 price target and Buy rating in a research report published today.
In the report, KeyBanc Capital Markets stated, "Teavana Holdings, Inc. (TEA-NYSE) has a strong combination of a distinctive store environment, attractive secular trends and a visible gross margin tail – we initiate with a BUY rating."
Shares of Teavana Holdings closed today at $20.99, down 5.87% from Wednesday's market close.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.