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Fly News Breaks for May 26, 2016
SBUX
May 26, 2016 | 07:47 EDT
Bernstein calls Starbucks "a best in class restaurant with a near-trough relative multiple." The firm believes that the company's targeted marketing and loyalty program will support its revenue in the U.S., while the company will benefit from a stabilizing macro environment overseas. It thinks that the stock's risk/reward ratio is favorable. Target $65.
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