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SBUX

Starbucks

$64.74

-1.7 (-2.56%)

17:14
01/24/19
01/24
17:14
01/24/19
17:14

Starbucks says UberEATS partnership gaining momentum

Says "confident" in long-term prospects. Says partnership with UberEATS gaining momentum. Says Starbucks Delivers being "seamlessly" integrated into UberEATS app. Says expanded active user base by about 1M customers in Q1. Says aiming to enhance loyalty and rewards programs. Comments taken from Q1 earnings conference call.

  • 24

    Jan

SBUX Starbucks
$64.74

-1.7 (-2.56%)

01/24/19
SPHN
01/24/19
NO CHANGE
Target $65
SPHN
Equal Weight
Starbucks Americas comps decelerated on 2-year basis, says Stephens
Stephens analyst Will Slabaugh kept his Equal Weight rating and $65 price target on Starbucks after its Q1 results, noting that while its Americas comps grew 4%, on a 2-year basis, SSS marked a sequential deceleration of 100bps and EMEA saw a decline of 500bps. The analyst notes that while the quarter was likely in line, he remains concerned about "general traffic softness and the increasingly discretionary nature" of its beverage growth.
01/11/19
01/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Asset managers BlackRock (BLK), Eaton Vance (EV), Ivesco (IVZ), Affiliated Managers (AMG) and Legg Mason (LM) downgraded to Hold from Buy at Deutsche Bank, with analyst Brian Bedell saying their fundamentals are "unlikely to improve anytime soon." The analyst believes "investor neglect" toward the stocks should continue on fears of a market downturn, as well as due to poor fundamentals from product outflows and pressure on fee rates and operating margins. 2. Starbucks (SBUX) downgraded to Neutral from Buy at Goldman Sachs by analyst Karen Holthouse, saying she 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. The analyst also downgraded Yum! Brands (YUM) to Sell from Neutral. 3. Gap (GPS) downgraded to Underweight from Overweight at Barclays, with analyst Chethan Mallela saying he believes "challenging" traffic trends and "difficult" comparisons cloud visibility into the company's sales growth momentum. Further, the analyst believes the company's cost pressures will be larger than investors anticipate and pose risk to consensus estimates. 4. WW (WTW) downgraded to Neutral from Overweight at JPMorgan by analyst Christina Brathwaite, saying early in the year channel checks point to a weak start to 2019 for the company. The checks suggest traffic to WW''s website and engagement on its mobile app are down double-digit percentages year-over-year, the analyst added. 5. Hanesbrands (HBI) downgraded to Hold from Buy at Deutsche Bank, with analyst Tiffany Kanaga citing a deep dive of the company's international business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/19
BMOC
01/11/19
NO CHANGE
Target $60
BMOC
Market Perform
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.
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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  • 19

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NOAH

Noah Holdings

$46.87

0.5 (1.08%)

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ALDR

Alder Biopharmaceuticals

$13.72

0.21 (1.55%)

04:55
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  • 19

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JMP

JMP Group

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WCN

Waste Connections

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WIFI

Boingo Wireless

$21.14

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MKTX

MarketAxess

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MGA

Magna

$49.29

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CYAD

Celyad

$21.35

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AEE

Ameren

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NGVT

Ingevity

$106.91

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PLYA

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EXTN

Exterran

$18.30

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ITRM

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