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Fly News Breaks for July 28, 2017
SBUX
Jul 28, 2017 | 07:42 EDT
UBS analyst Denis Geiger believes Starbucks is better positioned than most to manage the industry's decelerating trends. The analyst noted the company's disappointing outlook, but said it still maintains leading growth potential. He thinks long-term guidance can be reduced, but it could already be priced into the stock. Geiger reiterated his Buy rating but lowered his price target to $67 from $70 on Starbucks shares.
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