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SBUX

Starbucks

$77.10

0.68 (0.89%)

16:11
04/25/19
04/25
16:11
04/25/19
16:11

Starbucks shares rise 2% to $79.00 following Q2 results

  • 25

    Apr

SBUX Starbucks
$77.10

0.68 (0.89%)

04/08/19
04/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. General Electric (GE) downgraded to Underweight from Neutral at JPMorgan with analyst Stephen Tusa saying with the stock up 38% year-to-date, many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of "small positives." 2. Starbucks (SBUX) downgraded to Neutral from Buy at UBS with analyst Dennis Geiger saying the risk/reward on shares "appears balanced" with the stock up 55% since June. 3. Boeing (BA) downgraded to Neutral from Buy at BofA/Merrill with analyst Ronald Epstein citing the company's announcement that it will cut 737 production rates to 42 per month from 52 per month, which he takes to likely mean that the 737 delay could last longer than previously expected. 4. Micron (MU) downgraded to Market Perform from Outperform at Cowen with analyst Karl Ackerman saying his field work indicates Micron's profitability will decline again in calendar year 2020. 5. Roku (ROKU) downgraded to Sell from Neutral at Citi with analyst Mark May saying the stock is up 110% year-to-date and near all-time highs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/10/19
PIPR
04/10/19
NO CHANGE
Target $70
PIPR
Neutral
Starbucks price target raised to $70 from $60 at Piper Jaffray
Piper Jaffray analyst Nicole Miller Regan raised her price target for Starbucks to $70 from $60 and keeps a Neutral rating on the name following March channel checks. In March, our Starbucks checks were steady in the positive mid-single-digit range, Regan tells investors in a research note. She notes, however, that her Starbucks checks, on average, have been approximately 120 basis points below actual results over the last four quarters. As such, the analyst is maintaining her positive 3% fiscal Q2 same-store sales estimate for the Americas segment. Regan remains Neutral rated on Starbucks with an "incrementally positive bias." It appears the potential overhang related to sales momentum and/or operational execution in the Americas segment has been partially removed, says the analyst.
04/18/19
OPCO
04/18/19
NO CHANGE
Target $81
OPCO
Outperform
Starbucks price target raised to $81 from $72 at Oppenheimer
Oppenheimer analyst Brian Bittner raised his price target for Starbucks to $81 from $72 on valuation as he remains confident in drivers behind healthy same-store sales. Nonetheless, the analyst recognizes that multiple expansion is difficult to justify in near-term. Bittner reiterates an Outperform rating on the stock, particularly ahead of an accelerating earnings scenario he envisions in 2020.
04/18/19
JEFF
04/18/19
NO CHANGE
Target $89
JEFF
Buy
Starbucks price target raised to $89 from $76 at Jefferies
Jefferies analyst Andy Barish raised his price target for Starbucks to $89 from $76 and keeps a Buy rating on the shares. The stock closed yesterday at $75.12. Barish says that despite the emergence of "Third Wave" coffee competitors, his "data-driven overlap analysis" and various growth scenarios point to a limited impact on Starbucks' same-store-sales. The company's competitive advantages, namely its size, scale and technology, and its shift to more suburban growth should support its long-term targets, Barish tells investors in a research note. The analyst raised his fiscal 2019 U.S. same-store-sales estimate to 4% from 3.3% and sees visibility to consistent 3%-4% sales and unit growth in the U.S.

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