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Analyst Buzz Heats Up Starbucks Shares

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UBS analyst raised the rating of Starbucks (NASDAQ: SBUX) from Neutral to Buy and raised the price target from $80.00 to $87.00.

UBS noted that the stock offers a “compelling” entry with “limited downside risk.” The firm emphasized that Starbucks is a top long-term global growth opportunity among consumer multinationals. The company has “good sales, earnings visibility and optionality around out-year initiatives.”

Shares of Starbucks closed at $75.56 on Wednesday. The stock is currently trading at $77.25, up 2.237 percent.

Latest Ratings for SBUX

DateFirmActionFromTo
Jul 2015RBC CapitalReiteratesOutperform
Jul 2015BTIG ResearchInitiates Coverage onBuy
Jul 2015Goldman SachsDowngradesConviction BuyBuy

View More Analyst Ratings for SBUX
View the Latest Analyst Ratings

Posted-In: UBSAnalyst Color Upgrades Price Target Analyst Ratings

 

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