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Fly News Breaks for December 14, 2018
SBUX
Dec 14, 2018 | 09:33 EDT
RBC Capital analyst David Palmer raised his price target on Starbucks to $74 and kept his Outperform rating, saying that its Investor Day presentation yesterday gave him more confidence in the company's comps trajectory. The analyst contends that Starbucks represents a "unique" blend of mid-single-digit unit growth and "best-in-class return on investment" that is further reinforced by its "digital capabilities, exposure to the growing specialty coffee segment, and a strong brand image."
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