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Fly News Breaks for March 15, 2018
SBUX
Mar 15, 2018 | 07:16 EDT
UBS analyst Dennis Geiger said his survey on brand favorability continues to score Starbucks highly and notes it improved on last year's metrics. The analyst said the company appears positioned to maintain its coffee category outperformance. He expects same-store sales to improve in the second half of 2018 based on improved operations, better afternoon performance, and increasing digital contribution. Geiger reiterated his Buy rating and raised his price target to $66 from $64 on Starbucks shares.
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