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SBUX

Starbucks

$53.81

0.1 (0.19%)

17:15
10/02/17
10/02
17:15
10/02/17
17:15

Starbucks transferred coverage with a Hold at Stifel

Stifel transferred coverage of Starbucks to analyst Chris O'Cull with a Hold rating and $58 price target.

  • 02

    Nov

  • 25

    Jan

SBUX Starbucks
$53.81

0.1 (0.19%)

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.
09/29/17
SPHN
09/29/17
NO CHANGE
Target $52
SPHN
Equal Weight
Stephens cautious on Starbucks into Q4, cuts price target to $52
Stephens analyst Will Slabaugh lowered his price target for Starbucks to $52 from $58 and remains cautious on the shares into Q4 and 2018. The coffee giant closed yesterday down 49c to $54.50. Slowing retail foot traffic is impacting virtually all brands with a significant brick and mortar presence, not just mall-based concepts, Slabaugh tells investors in a research note. Further, the analyst, while admitting Starbucks' "consistent" square footage and same-store-sales growth "remains deserving of a premium valuation," adds that the company's food innovation and technology engines that have helped drive "impressive" U.S. comps in recent years "could have a limit, given throughput concerns." Slabaugh lowered his fiscal year 2018 Americas same-store-sales growth estimate for Starbucks to up 3.5% from up 3.8%, below the consensus of consensus of 4.1%, and his earnings per share estimate to $2.28 from $2.32, below the consensus of $2.35. He keeps an Equal Weight rating on Starbucks.

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AMZN

Amazon.com

$1,844.00

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TXN

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