Starbucks (SBUX) PT Lifted 10% at RBC Capital Following Strong Q2
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Starbucks (SBUX) Has Room to Run, Goldman Sachs Says; PT Lifted to $57
April 24, 2015 10:34 AM EDTGoldman Sachs analyst Karen Holthouse reiterated her Conviction Buy List rating on Starbucks (NASDAQ: SBUX) and raised her price target to $57.00 (from $53.50) following Q2 results and commentary that increased the firm's confidence in long-term drivers of value (mobile ordering, food sales, and China).
Holthouse said "although, with a 25% run in the shares in ~5 months and limited upside to near-term EPS... More
Starbucks Coffee (SBUX) Reports In-Line Q2 EPS, Reaffirms FY EPS Guidance
April 23, 2015 4:05 PM EDT(Updated - April 23, 2015 4:07 PM EDT)
Starbucks Coffee (NASDAQ: SBUX) reported Q2 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $4.56 billion versus the consensus estimate of $4.53 billion. Global comparable store sales increased 7%, with a 3% increase in traffic.
Starbucks record financial and operating performance in Q2 was driven by our people all around the... More
