Starbucks Delivers Record Q1 Revenues and EPS
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Buy Starbucks (SBUX) Weakness, Say Deutsche Bank
January 22, 2016 9:04 AM ESTDeutsche Bank maintained a Buy rating on Starbucks (NASDAQ: SBUX) with a price target of $70. Shares ticked lower following the release of Q1 results. Karen Short noted that expectations were very high and urged investors to take advantage of any weakness in... More
Starbucks (SBUX) Overcomes Retail Headwinds - RBC
January 22, 2016 8:23 AM ESTRBC Capital analyst, David Palmer, reiterated his Outperform rating and $68 price target on Starbucks (NASDAQ: SBUX) as the company beat EPS by a penny but future earnings upside is consumed by additional investment.
F1Q EPS was $0.46 (+15% YOY), ahead of our/cons. $0.45. Notably, Americas SSS growth was 9%, above cons. 7.7% but in line with the growth rate implied by our consumer panel analysis. CAP division SSS growth was 5% (RBCe 4%/ cons. 6.1%). EMEA SSS growth decelerated to 1%, as the region was... More
Starbucks' (SBUX) Initiatives Expected to Drive Strong Results; BTIG Affirms at 'Buy'
January 22, 2016 7:43 AM ESTBTIG reaffirms Starbucks (Nasdaq: SBUX) with a Buy rating and $75 price target after the company posted Q1 results on Thursday night.
Analyst Peter Saleh commented: We continue to be very impressed by the performance of the Starbucks system and believe mid-single digit comp growth is sustainable... More
