Piper Jaffray Recommends Buying Starbucks (SBUX) on Momentum and Valuation

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Starbucks (SBUX) Estimate Raised at RBC Capital

September 15, 2015 6:31 AM EDT

RBC Capital analyst David Palmer raised estimates on Starbucks (NASDAQ: SBUX) while reiterating an Outperform rating and price target of $64.00. The firm notes mobile adoption is acclerating.

"We reiterate our $64 price target and our FY15E EPS estimate of $1.58 (+19% YOY; cons. $1.58).... More