Deutsche Bank Resumes Coverage on Starbucks (SBUX) at Buy; Entering Phase 2

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March 23, 2011 7:02 AM EDT
Get Alerts SBUX Hot Sheet
Price: $107.92 +0.21%

Rating Summary:
    26 Buy, 22 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Deutsche Bank resumes coverage on Starbucks (NASDAQ: SBUX) with a Buy. PT $41.

Deutsche analyst says, "SBUX has seen a dramatic recovery in profitability over the past two years, as management shifted focus to improving the core business and away from unit growth. However, we still see room for further upside in coming quarters, as US momentum continues, international gains traction on both unit growth and margins, and CPG hits an inflection point."

For more ratings news on Starbucks click here and for the rating history of Starbucks click here.

Shares of Starbucks closed at $34.95 yesterday.

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