UBS Analysis Implies Starbucks (SBUX) FQ2 SSS of 6%-7%

April 15, 2013 12:55 PM EDT
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Price: $57.66 -0.4%

Rating Summary:
    28 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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UBS today maintained a Buy rating on Starbucks (NASDAQ: SBUX) and raised its price target of $66.00 (from $64.00). Analyst David Palmer said analysis of a consumer panel, which shows a greater than 90 percent correlation to Americas same store sales (SSS) growth, implies F2Q Americas SSS growth of 6-7 percent.

"We believe Starbucks' F1Q domestic SSS growth was unique—both in its strength and consistency with recent performance. Digital marketing, mobile payment and overall growth in Rewards card usage are proving to be key drivers in Starbucks' 'magical' growth," said Palmer.

For an analyst ratings summary and ratings history on Starbucks (NASDAQ: SBUX) click here. For more ratings news on Starbucks click here.

Shares of Starbucks closed at $59.09 yesterday.

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