Peet's Coffee & Tea Inc. shares shot up Wednesday after one analyst speculated that it will likely sell coffee for Green Mountain Coffee Roasters Inc.'s popular Keurig single-cup brewer.
Janney Capital analyst Mitch Pinheiro, who raised Emeryville, Calif.-based Peet's to "buy" from "neutral" on Wednesday, said a partnership between the coffee companies could be unveiled as soon as Sunday.
In early afternoon trades, Peet's shares jumped 6 percent to $45.55. Green Mountain shares rose 0.7 percent to $40.62.
