Piper Jaffray analyst Nicole Miller Regan raised her price target for Starbucks to $70 from $60 and keeps a Neutral rating on the name following March channel checks. In March, our Starbucks checks were steady in the positive mid-single-digit range, Regan tells investors in a research note. She notes, however, that her Starbucks checks, on average, have been approximately 120 basis points below actual results over the last four quarters. As such, the analyst is maintaining her positive 3% fiscal Q2 same-store sales estimate for the Americas segment. Regan remains Neutral rated on Starbucks with an "incrementally positive bias." It appears the potential overhang related to sales momentum and/or operational execution in the Americas segment has been partially removed, says the analyst.