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Fly News Breaks for September 20, 2016
SBUX
Sep 20, 2016 | 06:36 EDT
Piper Jaffray analyst Nicole Miller Regan says Starbucks shares remain her top pick for 2016. Following channel checks, the analyst reiterates her Q4 same-store-sales estimate of 4.9% and earnings per share estimate of 55c. She believes the company remains well positioned even as coffee prices work back up. Regan reiterates an Overweight rating on the shares with a $72 price target.
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