Stifel Upgrades Starbucks (SBUX) to Buy, "Attractive Valuation"
Get Alerts SBUX Hot Sheet
Rating Summary:
21 Buy, 25 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Stifel upgraded Starbucks (NASDAQ: SBUX) from Hold to Buy with a price target of $67.00 (from $60.00).
Analyst Mark Astrachan expects SBUX multiple to expanded as US comp store sales growth accelerates over the next 12 months. He sees global comps modestly below US levels by up in the mid single-digit range. He further comments that a meet on the expectations for comps will result in outperformance of shares.
FY 2017 EPS estimate remains at $2.12 and FY 2018 EPS estimate remains at $2.40.
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 $59.04 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Kotak Downgrades 360 ONE WAM Ltd (360ONE:IN) to Add (2)
- UBS Downgrades Hino Motors Ltd. (7205:JP) (HINOY) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT Change, Hot Upgrades, UpgradesRelated Entities
StifelSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!