Information Provided By:
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.