Wall Street analysts are sharing their views on Starbuck's SBUX second quarter results.
Deutsche Bank analyst Jason West believes the stock is “likely to respond favorably to these results,” given the “broader backdrop of weather-driven misses and SBUX's share price underperformance YTD.” -- Buy rating, $84 price target.
Wells Fargo analyst Bonnie Herzog “continues to be impressed with SBUX's ability to deliver results and believes the future for the company remains very bright,” based on:
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- Potential to become international powerhouse.
- Impressive loyalty programs and digital offerings.
- Long runway for growth in CPG both in the U.S. and internationally.
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date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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Posted In: Analyst ColorAnalyst RatingsAlton StumpAndy BarishBonnie HerzogBrian BittnerDeutsche BankJason WestJefferiesLongbowOppenheimerWells Fargo
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