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SBUX

Starbucks

09:19
09/06/17
09/06
09:19
09/06/17
09:19

Starbucks names Rosalind Brewer group president, COO

Starbucks Corporation announced the appointment of Rosalind Brewer as group president and COO, effective Oct. 2. Brewer, former president and CEO of Sam's Club and current Starbucks board member, has more than 30 years of management experience and more than 10 years of experience leading multi-national retailers. Brewer will report to Kevin Johnson, president and CEO, and serve as a member of Starbucks senior leadership team. She will also continue to serve on the Starbucks board of directors. As group president and COO, Brewer will lead the company's operating businesses across the Americas as well as the global functions of supply chain, product innovation, and store development organizations.

  • 02

    Nov

  • 25

    Jan

SBUX Starbucks

08/22/17
MSCO
08/22/17
NO CHANGE
Target $62
MSCO
Overweight
Market has adjusted to Starbucks moderating growth, says Morgan Stanley
Morgan Stanley analyst John Glass said the market has "quietly" adjusted to a more moderate long-term growth rate for Starbucks of 12%-17%. The analyst expects shares to hold its current valuation of 23x given a near best-in-class 25%+ ROIC, and sees upside once earnings visibility is reestablished. Glass maintains an Overweight rating on Starbucks and trimmed his price target to $62 from $68.
08/23/17
CLVD
08/23/17
DOWNGRADE
CLVD
Starbucks downgraded to Neutral from Buy at Cleveland Research
Cleveland Research downgraded Starbucks to Neutral saying there is less opportunity for comp upside and expects trends to be more in line with consensus estimates over the next 6 months. The firm's analyst said the America's comp estimate seems less clear over the near/medium term given increasing competition.
08/25/17
WEDB
08/25/17
UPGRADE
WEDB
Outperform
Starbucks upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Nick Setyan upgraded Starbucks to Outperform from Neutral telling investors he expects shares to move higher following an expected revision in long-term growth targets in October and an update on the China joint-venture acquisition. Setyan said recent checks indicate U.S. comps are tracking in line with Q4 consensus of 3.5% and thinks a 4% comp is realistic if trends continue through September. After the Q3 report, FY18 consensus U.S. comps declined to 3.9% from 4.7%, and the analyst believes this decline anticipates management lowering long-term mid-single digit same-store-sales growth target to a range of 3-5% in October, which should remove a valuation headwind. Additionally, Setyan said commentary indicates the China joint-venture will add 100 bps of incremental FY18 revenue growth and estimates an incremental 1-2% of earnings growth beginning in FY19. The analyst raised Starbucks price target to $60 from $57 in conjunction with the upgrade.
08/25/17
08/25/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Starbucks (SBUX) upgraded to Outperform from Neutral at Wedbush by analyst Nick Setyan, telling investors he expects shares to move higher following an expected revision in long-term growth targets in October and an update on the China joint-venture acquisition. 2. Transocean (RIG), Rowan Companies (RDC), Noble Corp (NE), Diamond Offshore (DO) upgraded to Sector Perform from Underperform at RBC Capital and Oceaneering (OII) and Frank's International (FI) upgraded to Outperform from Sector Perform by RBC Capital's Kurt Hallead, who said there has been an improvement in the environment for offshore drillers. The analyst said contracted rig utilization has bottomed and there have been modest improvements with idle rigs going back to work. 3. Wayfair (W) upgraded to Buy from Hold at Stifel by analyst Scott Devitt, who said the company "has effectively addressed the key challenges" facing " a furniture, housewares, and home improvement eCommerce platform." The analyst thinks that the company's investments have created "a defensive moat" that will improve its competitive position and wide the gap between itself and competitors. 4. Abercrombie & Fitch (ANF) upgraded to Buy from Neutral at Citi by analyst Paul Lejuez who said that the company's Q2 results showed stabilization, particularly at Hollister, and the stock's valuation has become "too attractive to ignore." 5. Beacon Roofing (BECN) upgraded to Overweight from Sector Weight at KeyBanc and to Buy from Hold at Jefferies. Jefferies analyst Philip Ng said the recent pullback in shares creates a buying opportunity with its increased scale in roofing and new exposure to interior products. Ng said the Allied acquisition nearly doubles Beacon's size and reinforces its presence in roofing and diversifies into interior products, providing diversification, product growth in new areas, and new markets to pursue as a roil up story. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CYTK

Cytokinetics

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CRM

Salesforce

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CRM

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AXTA

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CRM

Salesforce

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1.44 (1.34%)

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OSUR

OraSure

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2.59 (18.55%)

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GME

GameStop

$16.73

0.29 (1.76%)

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NUAN

Nuance

$14.67

0.15 (1.03%)

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AAPL

Apple

$173.14

3.16 (1.86%)

, BAC

Bank of America

$26.73

-0.01 (-0.04%)

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AAPL

Apple

$173.14

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BAC

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MU

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T

AT&T

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ORCL

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AKS

AK Steel

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PG

Procter & Gamble

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TRIP

TripAdvisor

$32.81

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PEP

PepsiCo

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PAGP

Plains GP Holdings

$20.48

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EKSO

Ekso Bionics

$4.13

1.21 (41.44%)

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NTNX

Nutanix

$30.20

0.5 (1.68%)

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HPE

HP Enterprise

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0.03 (0.21%)

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GE

General Electric

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Dick's Sporting

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GE

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DKS

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ROST

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ILG

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DLTR

Dollar Tree

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07:28
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SHOO

Steven Madden

$39.80

-0.6 (-1.49%)

07:28
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  • 28

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BURL

Burlington Stores

$104.94

-1.61 (-1.51%)

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RLH

Red Lion Hotels

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TIVO

TiVo

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CMCSA

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ADBE

Adobe

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PSTI

Pluristem

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