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Fly News Breaks for June 13, 2016
SBUX
Jun 13, 2016 | 08:58 EDT
After conducting a proprietary survey, RBC Capital expects Starbucks' Q3 same-store Americas sales to rise 6%. The firm says that the shares should rise if this estimate is proven correct. RBC believes that Starbucks' mobile payment and loyalty initiatives could enable the company's same-store sales to beat the firm's projections in 2H16. The firm keeps a $68 price target and Outperform rating on the stock.
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