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SBUX

Starbucks

$52.61

-0.15 (-0.28%)

05:10
10/19/16
10/19
05:10
10/19/16
05:10

Starbucks promotes Belinda Wong to CEO of Starbucks China

Starbucks announced the promotion of Belinda Wong from president to CEO of Starbucks China. Wong has been instrumental in Starbucks unprecedented growth in China - from 400 stores in 2011 to over 2,300 stores - by leading on the foundational values of Starbucks mission and driving meaningful innovation for Starbucks partners and local customers in China. In this role, Wong will oversee Starbucks plans to double its scale to operate 5,000 stores in China by 2021. She will continue to report to John Culver, group president, Starbucks Global Retail.

  • 10

    Nov

SBUX Starbucks
$52.61

-0.15 (-0.28%)

09/20/16
WELS
09/20/16
NO CHANGE
WELS
Outperform
Starbucks continues to outperform in packaged coffee, says Wells Fargo
Wells Fargo analyst Bonnie Herzog says Nielsen channel data indicates that total packaged coffee growth remains soft. In the four weeks ending September 10, sales for the total packaged ground coffee category were down 0.4% year-over-year, Herzog tells investors in an intraday research note. Starbucks' dollar share of the category increased to 12.9% versus 11.8% last year, however, the analyst points out. She believes Starbucks continues to outperform the industry and keeps an Outperform rating on the shares.
09/21/16
LBOW
09/21/16
INITIATION
Target $71
LBOW
Buy
Starbucks initiated with a Buy at Longbow
Longbow analyst Alton Stump initiated Starbucks with a Buy and a a $71 price target. The analyst expects Starbucks comp slowdown in the America's segment during Q3 to rebound over the next 3-6 months as customers adapt to the new loyalty program and views the recent weakness in shares as an attractive entry point.
09/21/16
09/21/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Starbucks (SBUX) initiated with a Buy at Longbow. 2. Boston Beer (SAM) initiated with an Outperform at William Blair. 3. Altria Group (MO) was initiated with a Hold at Jefferies while the firm initiated Reynolds American (RAI) with a Buy. 4. Dick's Sporting (DKS) initiated with a Neutral at Guggenheim. 5. E-Trade (ETFC) reinstated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/18/16
WELS
10/18/16
NO CHANGE
WELS
Outperform
Starbucks still outperforming in packaged coffee, says Wells Fargo
Wells Fargo analyst Bonnie Herzog says that according to Nielsen, in the four weeks ending Oct. 8, dollar sales for the total packaged ground coffee category were down 1.3% year-over-year, with a plus 7% unit growth being offset by a down 7.8% average net pricing. Starbucks' dollar share of the total ground coffee category increased, however, to 12.9% from 11.8% last year, Herzog tells investors in a research note. As coffee growth decelerates, the company continues to outperform, the analyst contends. She has an Outperform rating on Starbucks with a $69-$71 price target range.

TODAY'S FREE FLY STORIES

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EZPW

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  • 08

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AMZN

Amazon.com

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ICON

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PBYI

Puma Biotechnology

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FTK

Flotek

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PBYI

Puma Biotechnology

$39.80

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PNM

PNM Resources

$32.05

0.45 (1.42%)

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  • 14

    Dec

BK

BNY Mellon

$48.55

0.56 (1.17%)

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TLRD

Tailored Brands

$18.93

0.62 (3.39%)

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  • 08

    Dec

FLXS

Flexsteel Industries

$59.12

2.92 (5.20%)

, UNH

UnitedHealth

$159.40

2.08 (1.32%)

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FLXS

Flexsteel Industries

$59.12

2.92 (5.20%)

UNH

UnitedHealth

$159.40

2.08 (1.32%)

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NKE

Nike

$52.10

1.53 (3.03%)

, UA

Under Armour

$27.03

1.62 (6.38%)

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ADDYY

adidas

$76.96

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  • 20

    Dec

T

AT&T

$40.45

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EFC

Ellington Financial

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VRNT

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UNFI

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MIND

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TLRD

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  • 08

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TLRD

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  • 08

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TLRD

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  • 08

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VLKAY

Volkswagen

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  • 05

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TLRD

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  • 08

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TLRD

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  • 08

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DAL

Delta Air Lines

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