Starbucks Corp (SBUX) Lowers FY EPS Guidance
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Starbucks (SBUX) PT Lowered to $63 at RBC Capital
June 20, 2018 7:42 AM EDTRBC Capital lowered its price target on Starbucks (NASDAQ: SBUX) to $63.00 (from $65.00) while maintaining a Outperform rating.
... MoreStarbucks (SBUX) PT Lowered to $57 at Wedbush
June 20, 2018 7:31 AM EDTWedbush lowered its price target on Starbucks (NASDAQ: SBUX) to $57.00 (from $58.00) while maintaining a Neutral rating.
... MoreTelsey Downgrades Starbucks (SBUX) to Market Perform
June 20, 2018 4:53 AM EDTTelsey downgraded Starbucks (NASDAQ: SBUX) from Outperform to Market Perform with a price target of $60.00 (from $70.00).
For an analyst ratings summary and ratings history on Starbucks click here. For more ratings news on Starbucks click here.
Shares of Starbucks closed at $57.43 yesterday.
... MoreUPDATE: Morgan Stanley Downgrades Starbucks (SBUX) to Equalweight
June 20, 2018 4:53 AM EDT(Updated - June 20, 2018 8:13 AM EDT)
(updated to add analyst comment)
Morgan Stanley downgraded Starbucks (NASDAQ: SBUX) from Overweight to Equalweight with a price target of $59.00 (from $72.00).
Analyst John Glass comments "Facing now what is clearly decelerating top-line... More
Starbucks closing cafes; CEO calls performance 'not acceptable'
June 19, 2018 4:33 PM EDTBy Uday Sampath Kumar and Alana Wise
(Reuters) - Starbucks Corp (NASDAQ: SBUX) forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.
The world's largest coffee chain is facing competition both from upscale coffee houses and lower-priced fast-food chains like McDonald's Corp (NYSE: MCD) and Dunkin' Donuts (NASDAQ: DNKN).
It has missed analysts' estimates for... More
Starbucks Corp (SBUX) Sees Q3 Comps up 1%, Below Views
June 19, 2018 4:06 PM EDTStarbucks Corporation (NASDAQ: SBUX) today announces a set of strategic priorities and corresponding operational initiatives to accelerate growth and create long-term shareholder value.
Starbucks details three strategic priorities to regain revenue and earnings momentum:
Accelerating growth in the U.S. and China, the companys targeted long-term growth markets;Expanding and leveraging the global reach of the brand through the Global Coffee Alliance; andSharpening the focus on increasing shareholder returns.While certain demand headwinds are... More
