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Fly News Breaks for February 22, 2017
SBUX
Feb 22, 2017 | 06:23 EDT
Piper Jaffray analyst Nicole Miller Regan says her current channel checks, while early in the quarter, suggest "modest comp momentum" at Starbucks. She believes a "slow, steady" improvement is underway supporting comp acceleration in the second half of 2017. Regan also thinks quarterly expectations are achievable. She remains a buyer of Starbucks shares with an Overweight rating and $64 price target.
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