UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on Jamba on Strong Operational Model

In a report published Wednesday, Canaccord Genuity reiterated its Buy rating on Jamba JMBA, and slightly raised its price target from $3.00 to $3.50. Canaccord Genuity noted, “We maintain our BUY rating and continue to believe that Jamba has successfully developed the operating model for an efficient and profitable growth company.” Jamba closed on Tuesday at $2.86.