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SBUX

Starbucks

$56.67

-0.47 (-0.82%)

21:03
05/15/18
05/15
21:03
05/15/18
21:03

Starbucks aims to build 600 new stores per year in China by end of FY22

Starbucks Corporation presented the company's key drivers that will fuel China's market growth over the next five years at its first-ever China Investor Conference. Through the company's purpose-driven growth agenda in China, Starbucks is focused on enhancing its immersive, coffee-forward approach to elevating the third place, building deeper customer relationships in digital and extending the Starbucks Experience to the on-the-go and at-home consumers. Supported by these initiatives, the company announced plans to build 600 net new stores annually over the next five years in Mainland China - a goal that will double the market's store count from the end of FY17 to 6,000 across 230 cities. The company also announced plans to more than triple revenue and more than double operating income in China by the end of FY22, relative to FY17 levels.

  • 15

    May

SBUX Starbucks
$56.67

-0.47 (-0.82%)

04/13/18
04/13/18
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) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying his optimism about a comparable sales rebound in the Americas region is diminished as he sees intensified craft coffee competition along with expressing uncertainty on the timeline and magnitude of success with its loyalty efforts. 2. Diamond Offshore (DO) downgraded to Underperform from Neutral at Credit Suisse. 3. Zillow (Z, ZG) downgraded to Hold from Buy at Craig-Hallum with analyst Brad Berning citing the company's announcement that it is expanding its Instant Offers program to Phoenix in addition to Las Vegas and Orlando. 4. Nu Skin (NUS) downgraded to Hold from Buy at Deutsche Bank with analyst Steve Powers saying with the valuation at multi-year highs, the market is pricing in a "material acceleration" in sales and earnings trends. 5. Tenneco (TEN) downgraded to Neutral from Buy at Goldman Sachs with analyst David Tamberrino saying he sees the strategic rationale in the Federal-Mogul acquisition, but highlights near-term challenges from input costs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/27/18
PIPR
04/27/18
NO CHANGE
Target $70
PIPR
Overweight
Piper reiterates Overweight rating on Starbucks with $70 price target
Starbucks' fiscal Q2 results, while a "lackluster performance on the surface," is more reflective of what is being done versus the prior-year period, Piper Jaffray analyst Nicole Miller Regan tells investors in a research note. The up 2% Americas comp was a highlight, while store-level margins down 220 basis points to 20% of sales is concerning to most investors, the analyst adds. She believes the May 16-17 analyst day should serve as a positive catalyst, but cautions that domestic comps "likely overshadow this from a near-term stock perspective." Regan's bull case model suggests 14% earnings growth is sustainable. She reiterates an Overweight rating on Starbucks with a $70 price target.
04/27/18
OPCO
04/27/18
NO CHANGE
Target $66
OPCO
Outperform
Oppenheimer reiterates Outperform rating on Starbucks with $66 price target
Oppenheimer analyst Brian Bittner reiterated an Outperform rating and $66 price target on Starbucks following the company's in-line Q2 results. In a research note to investors, Bittner said the drivers discussed to elevate comparable sales are more likely to impact 2019 performance than 2018. Despite this, he sees limited downside risk to 2018 EPS estimates if comps stay at about 2% in the second half of the year and sees an improving risk/reward into fiscal 2019.
05/08/18
MSCO
05/08/18
NO CHANGE
Target $72
MSCO
Overweight
Starbucks packaged deal with Nestle a long-term positive, says Morgan Stanley
Morgan Stanley analyst John Glass called Starbucks' (SBUX) packaged coffee deal with Nestle (NSRGY) a long-term positive, noting that it opens up previously untapped markets and improves the business' growth profile. The deal should be dilutive in FY19 and accretive by FY21, added Glass, who has an Overweight rating and $72 price target on Starbucks shares.

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BOLD

Audentes Therapeutics

$33.74

0.7 (2.12%)

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VNOM

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$38.06

-0.29 (-0.76%)

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SCPH

scPharmaceuticals

$4.94

-0.43 (-8.01%)

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  • 24

    Sep

MDT

Medtronic

$90.06

-0.54 (-0.60%)

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$101.68

1.33 (1.33%)

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

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TGE

Tallgrass Energy

$26.23

0.63 (2.46%)

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TLRY

Tilray

$35.91

5.2 (16.93%)

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  • 28

    Aug

LFL

LATAM Airlines

$0.00

(0.00%)

19:10
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MNOV

MediciNova

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HTZ

Hertz

$21.05

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$319.70

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Interactive Brokers

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MSFT

Microsoft

$106.87

-0.71 (-0.66%)

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  • 10

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

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LII

Lennox

$225.37

2.76 (1.24%)

18:19
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Earnings
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GDI

Gardner Denver

$28.29

0.36 (1.29%)

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MMM

3M

$204.57

-0.24 (-0.12%)

18:09
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ETN

Eaton

$81.33

0.35 (0.43%)

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FLS

Flowserve

$51.51

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ITW

Illinois Tool Works

$138.37

-1.05 (-0.75%)

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CFX

Colfax

$33.28

0.62 (1.90%)

17:56
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ALLE

Allegion

$86.97

0.26 (0.30%)

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