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Fly News Breaks for January 22, 2016
SBUX
Jan 22, 2016 | 08:02 EDT
Afrter Starbucks reported higher than expected Q1 EPS, Wells Fargo says that the company's 8% global SSS sales growth was "impressive." The firm says that the company is successfully executing on many initiatives, especially food. The firm thinks the company is poised to deliver strong results going forward, given its innovations and "vast international opportunity." Wells recommends buying the shares on any pullbacks and keeps an Outperform rating on the stock.
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