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Fly News Breaks for June 25, 2015
SBUX
Jun 25, 2015 | 06:58 EDT
Piper Jaffray analyst Nicole Miller Regan raised her price target for Starbucks to $63 from $55 and reiterates the stock as a top 2015 pick. After meeting with management, Regan has increased confidence in the company's "compelling pipeline of global initiatives." She points out her five year model still assumes a near doubling of earnings and a $100B-plus market capitalization. The coffee giant's current market cap is around $81.2B. The stock closed yesterday down 41c to $53.71. Regan keeps an Overweight rating on Starbucks.
News For SBUX From the Last 2 Days
SBUX
Apr 26, 2024 | 13:49 EDT
Starbucks held deal talks with the Workers United union over a two-day session in Atlanta, with plans to meet once more late next month, Reuters' Savyata Mishra reports. The two parties started negotiations this week on what they called a "foundational framework" to guide union organizing and collective bargaining across the U.S., the author notes. Reference Link
