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Fly News Breaks for May 18, 2018
SBUX
May 18, 2018 | 06:09 EDT
Following the company's China analyst day, Piper Jaffray analyst Nicole Miller Regan says Starbucks China is a "massive opportunity." Leadership and structural investments now in place should allow China to grow at an accelerated pace, Regan tells investors in a research note. She notes that management has a stated goal to be as big or bigger than the U.S. The analyst keeps an Overweight rating on Starbucks with a $70 price target.
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