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Fly News Breaks for April 22, 2016
SBUX
Apr 22, 2016 | 06:32 EDT
Following the company's Q2 results, Deutsche Bank analyst Brett Levy says Starbucks continues to outperform its peers. The stock is already priced for that, though, the analyst tells investors in a research note. Levy believes a "wait and see" approach is prudent given challenging comparisons and near-term uncertainty, along with a rich valuation. He keeps a Hold rating on Starbucks with a $64 price target.
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