RBC Capital Remains Bullish on Starbucks Coffee (SBUX) Following Proprietary Analysis

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Wedbush Remains Bullish on Starbucks Coffee (SBUX) Following Recent Checks

June 14, 2016 7:15 AM EDT

Wedbush maintained an Outperform rating and $70.00 price target on Starbucks Coffee (NASDAQ: SBUX) following recent checks. The checks indicate 3Q Americas SSS growth to be in-line-to-above expectations. Commentary cited seasonal promotions, food, drive-thru additions, and mobile initiatives such as rewards and order and pay... More