'Halftime Report' Traders Share Their Thoughts On Starbucks

Michael Farr spoke on CNBC's "Fast Money Halftime Report" about Stifel's upgrade of Starbucks Corporation SBUX. He owns the stock and he thinks this was a good call. The stock is recovering and it is not cheap at 27 times earnings, but with a growth of 15%, it's on its way up.

See Also: Stifel Says Starbucks Will 'Grind Higher' To $90 Per Share

Josh Brown has a long position in the name and he added more this week. He expects the stock to trade at $100 in a year from now. He doesn't see a lot of downside potential if he is wrong. He is also optimistic about pumpkin spice and he thinks it will bring traffic to Starbucks.

Photo via Coffee Geek.