Starbucks Announces China Modeling Conference Call

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Piper Jaffray Remains Bullish on Starbucks Coffee (SBUX) Following 1Q Release

January 26, 2018 7:07 AM EST

Piper Jaffray reiterated an Overweight rating and $70.00 price target on Starbucks Coffee (NASDAQ: SBUX) following the company's 1Q earnings report. Results included operating earnings of $0.65 per share (vs. consensus at $0.57) driven in part by total revenues of $6.0 billion (vs. consensus at ~$6.19 billion).

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