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Fly News Breaks for May 8, 2018
NSRGY, SBUX
May 8, 2018 | 07:38 EDT
Morgan Stanley analyst John Glass called Starbucks' (SBUX) packaged coffee deal with Nestle (NSRGY) a long-term positive, noting that it opens up previously untapped markets and improves the business' growth profile. The deal should be dilutive in FY19 and accretive by FY21, added Glass, who has an Overweight rating and $72 price target on Starbucks shares.
News For SBUX;NSRGY From the Last 2 Days
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