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SBUX

Starbucks

$66.89

0.07 (0.10%)

07:49
11/30/18
11/30
07:49
11/30/18
07:49

Starbucks price target raised to $76 from $66 at Jefferies

Jefferies analyst Andy Barish raised his price target for Starbucks to $76 from $66 and reiterates a Buy rating on the shares. The stock closed yesterday up 6c to $66.88. The analyst says that despite investor fears about long-term unit growth and same-store-sales visibility, he is a believer in Starbucks' China business. He sees a "visible path" to development and sustained drivers with delivery, and estimates the country could generate revenue of $6.4B by fiscal year 2024. Starbucks should command a multiple of 14 times estimated 2020 EBITDA, in line with its recent historical average, Barish tells investors in a research note titled "Marching Onward in China; Buy for Attractive Global Total Returns." At the current valuation of 13 times EBITDA, he sees an "attractive" entry point.

  • 04

    Dec

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    Dec

SBUX Starbucks
$66.89

0.07 (0.10%)

11/12/18
11/12/18
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 Buy from Hold at Argus with analyst John Staszak citing his expectations of "continued revenue growth and new store openings" for the company, forecasting 14% EPS growth and 15% in total returns over the next several years. 2. L Brands (LB) upgraded to Outperform from Market Perform at Wells Fargo with analyst Ike Boruchow saying while he is not calling for an imminent inflection in the business, he now sees L Brands as the next retail turnaround story poised for positive shift in the "narrative" as the company appears set to begin embracing change with an "all options on the table" mentality. 3. Armstrong World (AWI) upgraded to Neutral from Underperform at BofA/Merrill with analyst John Lovallo saying Armstrong World deserves a higher multiple following the spin-off of Armstrong Flooring in April 2016 and is positive on the company's capital deployment strategy including buybacks, a recently initiated dividend, and tuck-in M&A. 4. Michael Kors (KORS) upgraded to Market Perform from Underperform at Bernstein with analyst Jamie Merriman citing valuation. 5. Crocs (CROX) upgraded to Neutral from Negative at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/18
ARGS
11/12/18
UPGRADE
Target $79
ARGS
Buy
Starbucks upgraded to Buy at Argus on continued revenue growth view
As reported earlier, Argus analyst John Staszak upgraded Starbucks to Buy from Hold with a price target of $79. The analyst cites his expectations of "continued revenue growth and new store openings" for the company, forecasting 14% EPS growth and 15% in total returns over the next several years. Staszak is also positive on Starbucks' "ongoing stock buybacks and dividend hikes", raising his EPS target for FY19 to $2.84 from $2.80 while setting a FY20 EPS targat of $3.10.
11/12/18
OPCO
11/12/18
NO CHANGE
OPCO
Outperform
Alibaba Singles Day growth deceleration suggests weaker macro environment, says Oppenheimer
Oppenheimer analyst Jason Helfstein notes that Alibaba's (BABA) 2018 Singles Day annual growth dropped to +27% year over year versus +39% in 2017, which he believes suggests a weaker macro environment in China, on top of the law of large numbers. The analyst also highlights that Starbucks (SBUX) participated in Double 11 for the first time. Overall, Helfstein continues to see Alibaba's ecosystem evolving with new elements, namely New Retail, Local Services and Travel. Going forward, he expects GMV growth will become more reliant on the cooperation and synergies between different channels and services. The analyst has an Outperform rating on Alibaba's shares.
11/12/18
ARGS
11/12/18
UPGRADE
ARGS
Buy
Starbucks upgraded to Buy from Hold at Argus

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AMRN

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CYDY

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HIIQ

Health Insurance Innovations

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IMBI

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ESTC

Elastic

$74.06

1.94 (2.69%)

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AON

Aon plc

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NOW

ServiceNow

$259.91

6.14 (2.42%)

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CTL

CenturyLink

$14.98

0.09 (0.60%)

, INFN

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$6.70

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CenturyLink, Infinera bring terabit capacity to supercomputing network »

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  • 09

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CPA

Copa Holdings

$106.77

-1.94 (-1.78%)

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  • 03

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MMC

Marsh & McLennan

$105.50

0.16 (0.15%)

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TMUS

T-Mobile

$78.05

1.18 (1.54%)

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Breaking Hot Stocks news story on T-Mobile »

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TMUS

T-Mobile

$78.05

1.18 (1.54%)

08:35
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Earnings
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RCAR

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FTFT

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JCP

J.C. Penney

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CNP

CenterPoint Energy

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08:33
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HRI

Herc Holdings

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  • 09

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WY

Weyerhaeuser

$29.35

0.03 (0.10%)

08:32
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ENLV

Enlivex Therapeutics

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0.15 (1.81%)

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TMUS

T-Mobile

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AMRS

Amyris

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TSLA

Tesla

$352.22

2.71 (0.78%)

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