Morgan Stanley analyst John Glass said Starbucks' reset of its long-term EPS growth forecast to 10% from 12% was surprising, but may ultimately prove conservative. The real difference between the prior 12% EPS goal and the current 10% one is reduced margin expansion, which acknowledges labor and reinvestment headwinds that would offset sales leverage if comps hit the upper end of the range, Glass said. He added that the company's tone on the current business was optimistic and delivery adds another comparable sales driver in the U.S. Glass maintains an Equal Weight rating on Starbucks shares with a $64 price target.