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Wells Fargo Remains Bullish as Starbucks Coffee (SBUX) Enters Agreement with Nestlé

May 7, 2018 8:45 AM EDT

Wells Fargo reiterates an Outperform rating on Starbucks (NASDAQ: SBUX) following the company's announcement that it has entered into an agreement with Nestlé to form a global coffee alliance.

Nestlé will pay SBUX $7.15B in return for the right to market several SBUX... More