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Fly News Breaks for July 22, 2016
SBUX
Jul 22, 2016 | 08:11 EDT
Oppenheimer analyst Brian Bittner notes that Starbucks' domestic comps are now trending below management's original targets of "somewhat above mid-singles," due to the "harsh" industry slowdown. However, the analyst says he is now a "more aggressive buyer" on any stock weakness as he expects the company's same-store sales to accelerate, and given its 2016 EPS outlook that remains "firmly" intact. Bittner reiterates an Outperform rating and $65 price target on the shares.
News For SBUX From the Last 2 Days
SBUX
Apr 26, 2024 | 13:49 EDT
Starbucks held deal talks with the Workers United union over a two-day session in Atlanta, with plans to meet once more late next month, Reuters' Savyata Mishra reports. The two parties started negotiations this week on what they called a "foundational framework" to guide union organizing and collective bargaining across the U.S., the author notes. Reference Link
