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SBUX

Starbucks

$57.43

(0.00%)

09:19
06/20/18
06/20
09:19
06/20/18
09:19

Starbucks CEO sees transitioning to 'growth at scale' phase

Starbucks CEO Kevin Johnson is being interviewed on CNBC about the company's growth initiatives, which were announced last night.

  • 22

    Jun

SBUX Starbucks
$57.43

(0.00%)

06/20/18
UBSW
06/20/18
NO CHANGE
Target $66
UBSW
Buy
UBS keeps Buy rating, $66 price target on Starbucks after growth plans announced
UBS analyst Dennis Geiger noted Starbucks released preliminary, and light, global same-store sales and lowered its full year guidance, while also announcing expectations for up to 150 store closures. The analyst also noted the company announced plans to accelerate growth through tangible sales drivers and streamlined operations while keeping long-term guidance unchanged. Geiger maintained his Buy rating and $66 price target on Starbucks shares.
06/20/18
BMOC
06/20/18
NO CHANGE
Target $56
BMOC
Market Perform
Starbucks price target lowered to $56 at BMO Capital on reduced comps and EPS
BMO Capital analyst Andrew Strelzik lowered his price target on Starbucks to $56 from $58 after the company lowered its Q3 comps and FY18 EPS outlook while also increasing its capital return target and announced some store closures. The analyst also cut his FY18 EPS view to $2.40 from $2.50 while keeping his Market Perform rating, stating that he will await greater visibility into sustained comps improvement following yesterday's announcement. Strelzik adds that it is "difficult to have confidence in the sustainability of comps", especially given that Starbucks may have benefited from earlier price increases relative to last year.
06/20/18
06/20/18
DOWNGRADE
Target $59

Equal Weight
Morgan Stanley questions if Starbucks doing enough, downgrades to Equal Weight
As previously reported, Morgan Stanley analyst John Glass downgraded Starbucks to Equal Weight from Overweight after the company announced a same-store sales shortfall and cut its FY18 guidance. While the company announced plans for product and digital innovation in reaction to "what is now a clearer pattern of slower U.S. sales," Glass said it is hard to see how much those will impact sales. U.S. unit growth also is being slowed temporarily, but Glass thinks more action on this front may be warranted, he tells investors. China deceleration was a "negative surprise," and believing in the long-term opportunity there is important to the long-term thesis, added the analyst, who lowered his price target on Starbucks shares to $59 from $72. The stock was also downgraded to Neutral at BTIG and to Market Perform at Telsey Advisory this morning.
06/20/18
LEHM
06/20/18
NO CHANGE
Target $60
LEHM
Equal Weight
Starbucks price target lowered to $60 from $65 at Barclays
Barclays analyst Jeffrey Bernstein lowered his price target for Starbucks to $60 saying the company last night preannounced "disappointing" Q3 global comps and reduced fiscal 2018 guidance. The analyst is surprised by the comp shortfall given that management expressed confidence in April on a second half of fiscal 2018 comp re-acceleration. While happy to see the steps towards maturation, the brand continues to set a high bar of outsized "growth at scale," which will continue to prove challenging, Bernstein tells investors in a research note. He keeps an Equal weight rating on Starbucks.

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ASTE

Astec

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-8.9 (-18.81%)

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V

Visa

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-3.48 (-2.47%)

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LH

LabCorp

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  • 24

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ABX

Barrick Gold

$13.36

0.27 (2.06%)

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Treasury 2-year auction preview: the auction should go ok »

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HZNP

Horizon Pharma

$18.06

-1.19 (-6.18%)

, SELB

Selecta Biosciences

$9.72

-3.65 (-27.30%)

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Horizon Pharma

$18.06

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SELB

Selecta Biosciences

$9.72

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CIDM

Cinedigm

$0.94

(0.00%)

12:33
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    Nov

OC

Owens Corning

$48.25

-0.47 (-0.96%)

12:32
10/23/18
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12:32
Downgrade
Owens Corning rating change  »

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  • 24

    Oct

FXI

iShares China Large-Cap ETF

$39.47

-1.06 (-2.62%)

12:30
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Options
50K iShares Large Cap China Fund Dec 42 - 45 call spreads bought for 48c »

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JNJ

Johnson & Johnson

$138.10

-0.58 (-0.42%)

, ITCI

Intra-Cellular

$16.83

-0.38 (-2.21%)

12:25
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Conference/Events
JPMorgan pharma and biotech analysts to hold analyst/industry conference call »

Smid Cap Biotech Analyst…

JNJ

Johnson & Johnson

$138.10

-0.58 (-0.42%)

ITCI

Intra-Cellular

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AGN

Allergan

$185.90

-1.85 (-0.99%)

SAGE

Sage Therapeutics

$118.28

0.25 (0.21%)

ALKS

Alkermes

$39.00

0.14 (0.36%)

ACAD

Acadia

$21.76

-0.01 (-0.05%)

03/08/13
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    Jan

EDU

New Oriental Education

$52.99

-9.76 (-15.55%)

12:22
10/23/18
10/23
12:22
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12:22
Downgrade
New Oriental Education rating change  »

Follow-up: New Oriental…

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TSLA

Tesla

$279.50

18.47 (7.08%)

12:21
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Mox Reports joins Citron in going long Tesla »

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IQV

Iqvia

$119.62

-6.74 (-5.33%)

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Vote of confidence in IQVIA Holdings after earnings »

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NXE

NexGen Energy

$1.89

-0.085 (-4.30%)

12:17
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Conference/Events
NexGen Energy management to meet with RBC Capital »

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  • 29

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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AEM

Agnico Eagle

$37.18

0.91 (2.51%)

12:15
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Agnico Eagle put volume heavy and directionally bearish »

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  • 25

    Oct

EDU

New Oriental Education

$52.96

-9.79 (-15.60%)

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New Oriental Education rating change  »

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  • 23

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AAPL

Apple

$217.24

-3.38 (-1.53%)

, SPOT

Spotify

$146.50

-2.01 (-1.35%)

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Pandora executive admits to late timing of premium offering, VB says »

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AAPL

Apple

$217.24

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SPOT

Spotify

$146.50

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P

Pandora

$8.47

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  • 01

    Nov

ANFGY

Antofagasta

$0.00

(0.00%)

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Conference/Events
Antofagasta management to meet with RBC Capital »

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  • 25

    Oct

MCD

McDonald's

$175.30

8.77 (5.27%)

, CAT

Caterpillar

$118.17

-10.47 (-8.14%)

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MCD

McDonald's

$175.30

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CAT

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MMM

3M

$187.86

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UTX

United Technologies

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VZ

Verizon

$57.08

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TSLA

Tesla

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CDNS

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PHM

PulteGroup

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AMAT

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MC

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CNC

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$130.47

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    Mar

EBMT

Eagle Bancorp

$16.75

-0.75 (-4.29%)

12:05
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Earnings
Eagle Bancorp reports Q3 EPS 30c, two estimate consensus 30c »

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V

Visa

$136.59

-4.05 (-2.88%)

12:05
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Conference/Events
Visa management to meet with RBC Capital »

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