Fly News Breaks for April 2, 2015
SBUX
Apr 2, 2015 | 07:40 EDT
Bernstein increased its price target on Starbucks as the firm estimates that falling coffee prices will add at least 3c-4c to the company's fiscal 2016 EPS. The tailwind could exceed 3c-4c if the company times its purchases especially well or if low coffee prices persist, according to the firm. Bernstein keeps an Outperform rating on the shares.
News For SBUX From the Last 2 Days