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Fly News Breaks for January 22, 2016
SBUX
Jan 22, 2016 | 09:04 EDT
After Starbucks reported higher than expected EPS, BMO Capital expects the company to benefit from the increased emphasis on defensive ivnesting, given what the firm sees as its high visibility. The firm expects the company to benefit from its technological initiatives as well as its ability to leverage its strong cash flow. BMO keeps a $66 price target and Outperform rating on the shares.
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