Starbucks (SBUX) Gains as Wall Street Sings Praises Following 5-Year Plan

Shares of Starbucks (NASDAQ: SBUX) are solidly higher Friday (+2.8%) as Wall Street analysts sing the company's praises following yesterday's unveiling its holistic 5-year blueprint.

Nicole Miller Regan, who recently raised her price target to $100 and outlined a $100 billion market cap, reiterated her rating following the event.

"The depth and breadth of the plan is particularly impressive and compares favorably to our roadmap showing SBUX as a $100 bil. market by FY18," Regan said.

She added, " Further, we were pleasantly surprised by the breadth of new sales channels and the magnitude of expected costs synergies. We believe investors will continue to search for additional grounding around the longer-term maturity curve of the core United States business but recognize potential hesitation is likely to be offset by the sheer number of compelling global sales & profit opportunities outlined."

price target of $100.00

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 $81.31 yesterday.

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