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Fly News Breaks for April 20, 2017
SBUX
Apr 20, 2017 | 06:32 EDT
As previously reported, Stifel upgraded Starbucks to Buy from Hold and raised its price target to $67 from $60. Analyst Mark Astrachan views valuation as attractive and expects multiple expansion from accelerating US comp store sales growth to at least 5%-6% for the next four quarters starting in the June quarter. The analyst said shares have underperformed consumer and restaurant peers over the past 12 months and expects outperformance to be driven by meeting comp expectations.
News For SBUX From the Last 2 Days
