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Fly News Breaks for June 28, 2017
SBUX
Jun 28, 2017 | 07:23 EDT
UBS analyst Dennis Geiger noted Starbucks K-cup sales gained market share but decelerated from the brand's yearly sales pace. He noted the company remains well positioned to drive single serve and traditional packaged coffee share gains in the U.S. supported by brand strength, loyalty potential, product innovation and channel expansion. Geiger reiterated his Buy rating and $70 price target on Starbucks shares.
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