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Fly News Breaks for April 28, 2017
SBUX
Apr 28, 2017 | 07:52 EDT
UBS analyst Dennis Geiger said Starbucks is a broad-based quality story that deserves a premium multiple. He said the earnings guidance reduction was disappointing but the signs of same-store-sales acceleration are encouraging. He also cited compelling unit returns, expansion, and long-term growth in China. Geiger reiterated his Buy rating and $70 price target on Starbucks shares.
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