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Fly News Breaks for July 28, 2017
SBUX
Jul 28, 2017 | 06:12 EDT
Piper Jaffray analyst Nicole Miller Regan says she remains a buyer of Starbucks shares after the company's "solid" Q3 results. However, the company's recent momentum has moderated, leading to the "prudently right-size guidance" for Q4, Regan tells investors in a post-earnings research note. The analyst remains confident in Starbucks' long-term model and her estimates for a near doubling of earnings by FY21. She reiterates an Overweight rating on the shares. The stock in premarket trading is down $3.40 to $56.10.
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