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Fly News Breaks for January 18, 2017
SBUX
Jan 18, 2017 | 09:30 EDT
OTR Global upgraded Starbucks to Positive following checks that indicate increased food attach rates in the US, helped by increasing Mobile Order and Pay use, loyalty participation. The firm's analyst said Q1 food attach rates are trending to 46%-49%, versus Q4 of 41%-44%. Further, trends in China improved helped by a recovering middle class and better mall traffic.
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