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Fly News Breaks for June 20, 2018
SBUX
Jun 20, 2018 | 07:14 EDT
UBS analyst Dennis Geiger noted Starbucks released preliminary, and light, global same-store sales and lowered its full year guidance, while also announcing expectations for up to 150 store closures. The analyst also noted the company announced plans to accelerate growth through tangible sales drivers and streamlined operations while keeping long-term guidance unchanged. Geiger maintained his Buy rating and $66 price target on Starbucks shares.
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