Piper Jaffray Reiterates Bullish View on Starbucks (SBUX) Following Results
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January 22, 2016 9:04 AM EST
Deutsche 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
January 22, 2016 8:44 AM EST
Credit Suisse reaffirmed Starbucks (Nasdaq: SBUX) with a Neutral rating and $61 price target following Q1 results.
The firm commented: Overall, Starbucks valuation leaves limited room for error. Our $61 PT assumes ~31x NTM P/E, above Starbucks's 5-yr avg. of ~25x, which gives... More
January 22, 2016 8:23 AM EST
RBC 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
January 22, 2016 7:43 AM EST
BTIG 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
