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Fly News Breaks for August 24, 2016
SBUX
Aug 24, 2016 | 09:47 EDT
Cleveland Research believes Starbucks Americas comps have held steady to improved slightly so far in Q4 following a softer-than-expected Q3. Analyst Steven Gojak believes a focus on cold beverage sales has likely helped maintain/improve momentum. The analyst is modeling Q4 Americas comps of +5%, inline with consensus of 5.1%, and Q4 global comps of +5%, inline with consensus of 4.9%. Gojak has a Buy rating on Starbucks shares.
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