Market Overview

UPDATE: Williams Capital Group Raises PT to $55 on Starbucks on Updated Sales, Expense Projections

Share:
Related SBUX
Benzinga's Option Alert Recap From March 22
Benzinga's Option Alert Recap From March 20
Starbucks talks goals as annual meeting begins (Seeking Alpha)

Williams Capital Group reiterated its Perform/Hold rating on Starbucks (NASDAQ: SBUX) and raised its price target from $49 to $55.

Williams Capital Group commented, "We have increased our sales growth estimate by 1% to 11.8% to reflect better than expected current sales trends. Starbucks noted that the first two months of F1Q comp store sales growth in the China/Asia Pacific segment were similar to the 10% growth trends seen in F4Q 2012. We have also reduced our store operating expense estimate by 120 basis points to reflect the margin strength seen in F4Q 2012 results."

Starbucks closed at $53.19 on Tuesday.

Latest Ratings for SBUX

DateFirmActionFromTo
Mar 2017WedbushMaintainsOutperform
Feb 2017Argus ResearchDowngradesBuyHold
Oct 2016RBC CapitalMaintainsOutperform

View More Analyst Ratings for SBUX
View the Latest Analyst Ratings

Posted-In: williams capital groupAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (SBUX)

View Comments and Join the Discussion!