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SBUX

Starbucks

$64.18

0.32 (0.50%)

09:34
01/11/19
01/11
09:34
01/11/19
09:34

Starbucks price target lowered to $60 from $63 at BMO Capital

BMO Capital analyst Andrew Strelzik lowered his price target on Starbucks to $60 and kept his Market Perform rating, saying the company's "valuation resiliency" appears to be "disconnected" from changes to the fundamentals. The analyst notes that in spite of trading at "multiyear high relative valuation metrics", Starbucks is facing slower growth and a less solid outlook for its China market. Strelzik adds that although there may not be a near term downside catalyst, the risk-reward on Starbucks appears to be tilted to the downside.

  • 24

    Jan

SBUX Starbucks
$64.18

0.32 (0.50%)

12/14/18
RBCM
12/14/18
NO CHANGE
Target $74
RBCM
Outperform
Starbucks price target raised to $74 from $68 at RBC Capital
RBC Capital analyst David Palmer raised his price target on Starbucks to $74 and kept his Outperform rating, saying that its Investor Day presentation yesterday gave him more confidence in the company's comps trajectory. The analyst contends that Starbucks represents a "unique" blend of mid-single-digit unit growth and "best-in-class return on investment" that is further reinforced by its "digital capabilities, exposure to the growing specialty coffee segment, and a strong brand image."
12/14/18
BMOC
12/14/18
NO CHANGE
Target $63
BMOC
Market Perform
Starbucks price target raised to $63 from $58 at BMO Capital
BMO Capital analyst Andrew Strelzik raised his price target on Starbucks to $63 after its Investor Day presentation. The analyst notes that the company's "lowering of long-term algorithm may have caught the market by surprise", but his takeaway from the event is "incrementally positive" based on the CEO commentary around comps estimates and slowing net store openings reducing "cannibalization concerns". Strelzik keeps his Market Perform rating on Starbucks however, stating that its valuation is "too expensive" to get more constructive.
12/19/18
JPMS
12/19/18
NO CHANGE
Target $70
JPMS
Overweight
JPMorgan likes shares of Starbucks at current levels
JPMorgan analyst John Ivankoe says he likes shares of Starbucks at current levels after taking a group of investors to the company's Seattle headquarters. Improved visibility into U.S. comp improvement, driven by various sales-driving initiatives along with 6%-7% global unit growth, will allow Starbucks to sustain a premium multiple, Ivankoe tells investors in a research note. He keeps an Overweight rating on the shares with a $70 price target.
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.

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Enterprise Financial

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FB

Facebook

$150.01

1.77 (1.19%)

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FB

Facebook

$150.01

1.77 (1.19%)

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ENB

Enbridge

$36.10

0.425 (1.19%)

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LIN

Linde plc

$160.76

3.48 (2.21%)

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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

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CAG

Conagra Brands

$21.58

0.34 (1.60%)

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  • 22

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UQM

UQM Technologies

$1.10

0.05 (4.76%)

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

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RTN

Raytheon

$165.11

2.285 (1.40%)

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

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  • 29

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EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

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Alphabet Class A

$1,106.92

7.52 (0.68%)

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

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CYDY

CytoDyn

$0.00

(0.00%)

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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

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TS

Tenaris

$24.32

0.64 (2.70%)

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

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