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Fly News Breaks for July 11, 2019
SBUX
Jul 11, 2019 | 08:20 EDT
Oppenheimer analyst Brian Bittner raised his price target for Starbucks to $95 from $82 saying that his refreshed analysis highlights a "unique opportunity" for Street's earnings outlook to improve on better-than-expected path for margins. Simultaneously, the analyst identifies healthy same-store sales drivers that could sustain "strong trends" against subdued consensus forecasts over next several quarters. Bittner reiterates an Outperform rating on the shares.
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