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Fly News Breaks for December 1, 2015
SBUX
Dec 1, 2015 | 06:59 EDT
After speaking with management, Piper Jaffray analyst Nicole Miller Regan says Starbucks is well-positioned to continue driving strong same-store sales trends in its current Q1. The analyst is encouraged that the coffee giant has already locked in around 90% of its FY16 coffee needs. Her projections through the FY19 continue to suggest a near doubling of the company's earnings. Regan remains a buyer of Starbucks with an Overweight rating and $72 price target.
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