Zacks Investment Research upgraded shares of Jammin Java Corp. (JAMN) from N/A to OUTPERFORM on October 14, 2013, with a target price of $0.56.
Jammin Java is a growth company in the premium coffee industry. Management is implementing a growth strategy based on a multi-channel geographic penetration business model. The company is expanding through traditional retail and distribution channels and by pursuing innovative relationships, such as Kiosk vending. Also, management has successfully introduced new products (particularly RealCups) and implemented unique marketing programs. With Jammin Java having generated six consecutive quarters of triple-digit sales growth, we initiate coverage with an Outperform rating.
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