Starbucks Announces Additional Share Repurchase Authorization
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Wedbush Raises Price Target on Starbucks Coffee (SBUX) to $70 Following 3Q15
July 24, 2015 8:12 AM EDTWedbush reiterated an Outperform rating on Starbucks (NASDAQ: SBUX), and raised the price target to $70.00 (from $64.00), following 3Q15. EPS of $0.42 was above $0.41 consensus. Raised FY15 guidance now calls for non-GAAP EPS of $1.57-1.58, up from $1.55-1.57 previously.
Analyst Nick Setyan commented, "Expect continued Americas... More
