Starbucks cafe sales miss targets as growth cools, stock falls
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Jefferies Cuts Price Target on Starbucks Coffee (SBUX) Following In-Line Quarter
July 22, 2016 8:18 AM EDTJefferies maintained a Buy rating on Starbucks Coffee (NASDAQ: SBUX), and cut the price target to $65.00 (from $70.00) following the company's 3Q earnings report. SBUX reported an in-line EPS. Management maintained 2016 EPS guidance.
Analyst Andy Barish commented, "SBUX eked out an... More
RBC Capital Reiterates Outperform on Starbucks Coffee (SBUX) After Trimming Estimates
July 22, 2016 7:22 AM EDTRBC Capital reiterated an Outperform rating and $68.00 price target on Starbucks Coffee (NASDAQ: SBUX) following the company's 3Q. Estimates were cut to account for labor investments and a slowing tailwind from input costs.
Analyst David Palmer commented, "We are maintaining... More
