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Fly News Breaks for November 30, 2018
SBUX
Nov 30, 2018 | 16:28 EDT
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Starbucks, saying the stock continues to offer "significant upside" thanks to its "ongoing expansion in China" and investments in new growth initiatives. The analyst points to the company's most recent comps strength - the highest in 5 quarters - driven by strength in U.S. and Asian markets, as well as its efforts to re-accelerate growth in the U.S. Feinseth further cites Starbucks' efforts that include new technologies, loyalty program expansion, and e-commerce capabilities, along with its evening program featuring expanded food offerings and alcoholic beverages.