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Fly News Breaks for January 23, 2020
SBUX
Jan 23, 2020 | 09:41 EDT
Cleveland Research analyst Steven Gojak said his industry checks lead him to believe that Americas comps for Starbucks are likely running ahead of consensus expectations for the fiscal first quarter, driven by a combination of cold beverage strength, solid holiday promotions and rewards benefits. The outlook for the rest of FY20 remains "optimistic" based on his work, added Gojak, who has a Neutral rating on Starbucks shares.
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