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SBUX

Starbucks

$54.52

-1.11 (-2.00%)

10:24
08/09/17
08/09
10:24
08/09/17
10:24

Technical View: Starbucks has an active bearish pattern, analyst action

The stock is down over 2% at time of writing to $53.39. At that price next support will be at $52.34. Resistance is at $54.21. There is an active bearish flag pattern on the chart that became active when price dropped below the flag at the $55 area. Downside potential for that pattern is to the $49 area. The pattern would become inactive if price crossed back above $55. BMO Capital downgraded the shares to Market Perform.

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    Aug

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    Nov

  • 25

    Jan

SBUX Starbucks
$54.52

-1.11 (-2.00%)

08/09/17
BMOC
08/09/17
DOWNGRADE
BMOC
Market Perform
Starbucks downgraded on more cautious U.S. comp sales outlook at BMO Capital
As noted earlier, BMO Capital downgraded Starbucks to Market Perform from Outperform. Analyst Andrew Strelzik says he's "more cautious" on the outlook for the company's U.S. comp sales, partly due to increased cannibalization of stores, increased competition, "throughput headwinds," and the possibility that "contributions from beverage innovation and food growth may have peaked."
08/09/17
BMOC
08/09/17
DOWNGRADE
BMOC
Market Perform
Starbucks downgraded to Market Perform from Outperform at BMO Capital
07/28/17
07/28/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) was downgraded to Neutral from Buy at Guggenheim and to Hold from Buy at Stifel. 2. Spirit Airlines (SAVE) was downgraded to Neutral from Buy at Buckingham and BofA/Merrill and to In-Line from Outperform at Imperial Capital. 3. Flowers Foods (FLO) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying his positive thesis on bread industry pricing becoming more rational has not played out. 4. AstraZeneca (AZN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Vincent Meunier saying shares look fairly valued as he removed MYSTIC from his models. 5. U.S. Steel (X) downgraded to Sell from Neutral at Citi with analyst Alexander Hacking saying he sees downside risk to U.S. flat rolled prices for the remainder of 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/28/17
JPMS
07/28/17
NO CHANGE
Target $62
JPMS
Overweight
Starbucks nearing sub-$55 level JPMorgan's been waiting for
JPMorgan analyst John Ivanko says Starbucks is now approaching the sub-$55 per share level he's been waiting for. The stock in premarket trading is down $3.93 to $55.57 following last night's Q3 earnings report. He believes the company's 15%-20% five-year earnings growth rate given in December 2016 is being re-evaluated with any revisions coming on the Q4 earnings release. The analyst sees the "reasonable" earnings growth rate as 10%-15%. Ivanko trimmed his price target for the shares to $62 from $63 and keeps an Overweight rating on Starbucks.

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