UPDATE: Jefferies Downgrades Caribou Coffee to Hold Post Acquisition Announcement

Jefferies reduced its rating on Caribou Coffee (NASDAQ: CBOU ) from Buy to Hold and reiterated its previous $16 price target. Jefferies said, "[W]e believe JAB is a good strategic match for CBOU's global retail footprint and premium positioning in single-serve through its licensing agreement with Green Mountain [GMCR,