UPDATE: Deutsche Bank Raises Starbucks' PT

According to a research report published this morning, Deutsche Bank has increased Starbucks'

PT from $61 to $64. In the report, Deutsche Bank said, "SBUX's F2Q12 result was a bit light in the context of high expectations. However, we remain buyers especially on any dip in the shares as the core profit drivers posted solid results and outlooks (weakness primarily in G&A and EMEA), sqft growth is accelerating, and margins are at an inflection pt. due to lower commodity costs. Buy." Deutsche Bank maintains its Buy rating on Starbucks, which is currently trading at $57.24.