Information Provided By:
Fly News Breaks for July 22, 2016
SBUX
Jul 22, 2016 | 07:05 EDT
JPMorgan analyst John Ivankoe recommends using the post-earnings weakness in shares of Starbucks as a buying opportunity. The selloff is largely driven by the company's U.S. comp of 4%, which is below Street expectations of 5%-6%. Starbucks is insistent that trends will return to 5%-plus in Q4 to FY17, the analyst points out. He lowered his price target for the shares to $61 from $68 and keeps an Overweight rating on the name.
News For SBUX From the Last 2 Days
There are no results for your query SBUX