UBS Maintains a 'Buy' on Starbucks (SBUX); Baking In Growth

UBS maintains a 'Buy' on Starbucks (NASDAQ: SBUX) price target of $61.00.

Analyst, David Palmer, commented on SBUX's announced acquisition of La Boulange, saying Starbucks is 'Baking In Growth'.

The announcement was made last night, after the close. Next World Group, a private investment firm, agreed to sell La Boulange Café & Bakery to Starbucks Coffee Company (NASDAQ: SBUX) for $100 million.

La Boulange, is a rapidly growing San Francisco-based, fast-casual restaurant chain that embodies the authenticity of the French bakery experience.

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 $53.90 yesterday.

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