Oppenheimer Raises Price Target on Starbucks (SBUX) on EPS Power
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Price: $106.88 +2.78%
Rating Summary:
26 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Oppenheimer raised its price target on Outperform-rated Starbucks (NASDAQ: SBUX) from $56 to $62, saying share could march higher as investors progressively shift focus towards F13E's outsized EPS potential.
Recent coffee price declines could provide a ~$0.20+ EPS tailwind in F13E, the firm contends.
The firm raised F13E EPS to $2.40, which is above the consensus of $2.27.
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 $53.81 yesterday.
Recent coffee price declines could provide a ~$0.20+ EPS tailwind in F13E, the firm contends.
The firm raised F13E EPS to $2.40, which is above the consensus of $2.27.
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 $53.81 yesterday.
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