Deutsche Bank Cuts Estimates and PT on Starbucks (SBUX); U.S. Traffic Decelerates
Get Alerts SBUX Hot Sheet
Price: $91.01 --0%
Rating Summary:
21 Buy, 25 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 36
Rating Summary:
21 Buy, 25 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 36
Join SI Premium – FREE
Deutsche Bank maintains a 'Buy' on Starbucks (NASDAQ: SBUX) price target of $55.00 (from $62.00).
Deutsche analyst said, "Despite some recent moderation in US SSS, we continue to believe FY13 EPS guidance is achievable (if not a bit conservative), assuming the US economy doesn’t see further material deterioration in coming months. Accelerating unit growth, still-decent SSS, and lower commodities should support strong EPS growth in FY13. Further, FY14 sets up well given likely greater commodity benefit and flow-thru to profits. With the stock indicated at 21x our new CY13E EPS of $2.23, we are staying at a Buy."
FY12/FY13 EPS estimates go to $1.77/$2.14 from $1.82/$2.25.
For an analyst ratings summary and ratings history on Starbucks click here. For more ratings news on Starbucks click here.
Shares of Starbucks closed at $52.41 yesterday.
Deutsche analyst said, "Despite some recent moderation in US SSS, we continue to believe FY13 EPS guidance is achievable (if not a bit conservative), assuming the US economy doesn’t see further material deterioration in coming months. Accelerating unit growth, still-decent SSS, and lower commodities should support strong EPS growth in FY13. Further, FY14 sets up well given likely greater commodity benefit and flow-thru to profits. With the stock indicated at 21x our new CY13E EPS of $2.23, we are staying at a Buy."
FY12/FY13 EPS estimates go to $1.77/$2.14 from $1.82/$2.25.
For an analyst ratings summary and ratings history on Starbucks click here. For more ratings news on Starbucks click here.
Shares of Starbucks closed at $52.41 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Double Upgrades Hemnet Group AB (HEM:SS) to Buy
- Jefferies Starts Zoom Video (ZM) at Hold
- Guggenheim Starts TaskUs, Inc (TASK) at Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!