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Fly News Breaks for April 28, 2017
SBUX
Apr 28, 2017 | 06:06 EDT
Piper Jaffray analyst Nicole Miller Regan raised her price target for Starbucks shares to $70 from $64 following the company's "mixed" Q2 results. While guidance was lowered, current momentum has accelerated, Regan tells investors in a research note. She finds the company's long-term objectives achievable but admits the current fiscal year is second-half weighted. The analyst remains a buyer of the shares with an Overweight rating.
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