Analyst Buzz Heats Up Starbucks Shares

UBS analyst raised the rating of

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.