Jefferies Assumes Starbucks (SBUX) at Buy

Jefferies assumes coverage on Starbucks (NASDAQ: SBUX) with a Buy. PT $50.00.

The firm comments, "We find SBUX attractive for its global growth potential, strong relative EPS prospects, improved operations, management, and predictability in the business. We are encouraged that these trends are sustainable and that the current valuation does not fully reflect this strong brand and its increasing CPG and international presence, which could help drive growth and a higher multiple over time."

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 $44.00 yesterday.

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