Information Provided By:
Fly News Breaks for July 28, 2017
SBUX
Jul 28, 2017 | 07:12 EDT
Jefferies analyst Andy Barish says shares of Starbucks will be weak again on slowing same-store-sales exiting Q3 as well as a reduction to FY17 guidance for the second quarter in a row. The analyst does not expect Starbucks to hit its 15%-20% long-term earnings growth targets in FY18. However, he believes some reduction in estimates is now getting priced into the valuation after two years of sideways trading. Barish reiterates a Buy rating on Starbucks with a $65 price target and notes the investment will require patience. Stifel this morning downgraded the shares.
News For SBUX From the Last 2 Days
There are no results for your query SBUX