Goldman Sachs Keeps Top Rating on Starbucks (SBUX) Despite Disappointing Q2

Starbucks (NASDAQ: SBUX) is trading off 6 percent following Q2 results after the close, but Goldman Sachs is reiterating its Conviction Buy List rating and $66 price target on the stock.

The firm comments, "We retain our CL-Buy on SBUX shares, as we continue to believe it is at an inflection that will lead to a renewed multi-year leg of growth. Some near-term choppiness presented itself, but there was no new commentary regarding 2Q earnings that undermines that big picture view."

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 $60.66 yesterday.

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