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Fly News Breaks for December 28, 2017
Dec 28, 2017 | 10:31 EDT
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. Argo Group (AGII) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Christopher Campbell raising his price target for the shares to $71 from $67. 2. Royal Gold (RGLD) downgraded to Hold from Buy at Canaccord with analyst Tony Lesiak citing the company's announcement that given a lack of sufficient water resources, its mill processing operations at the Mount Milligan mine in British Columbia, Canada have been temporarily suspended. 3. Starbucks (SBUX) initiated with a Buy at Tigress Financial. 4. Sonoma Pharmaceuticals (SNOA) initiated with a Speculative Buy at Benchmark. 5. CommerceHub (CHUBA) initiated with an Outperform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For AGII;RGLD;SBUX;SNOA;CHUBA From the Last 2 Days
Apr 18, 2019 | 08:55 EDT
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.