Starbucks (SBUX) PT Lowered to $57 at Wedbush

Starbucks (SBUX) PT Lowered to $63 at RBC Capital

June 20, 2018 7:42 AM EDT

RBC Capital lowered its price target on Starbucks (NASDAQ: SBUX) to $63.00 (from $65.00) while maintaining a Outperform rating.

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Starbucks Corp (SBUX) Resets FY18 Expectations, PT To $64 - Baird

June 20, 2018 6:44 AM EDT

Baird analyst, David Tarantino, reiterated his Outperform rating on shares of Starbucks (NASDAQ: SBUX) and cut his price target to $64 from $65 after the company cut F2018 EPS guidance on weaker-than-expected FQ3 comps (+1% for quarter vs. prior +3% forecast).

The analyst stated "while largely... More

Starbucks (SBUX) PT Lowered to $61 at Cowen

June 20, 2018 6:41 AM EDT

Cowen lowered its price target on Starbucks (NASDAQ: SBUX) to $61.00 (from $64.00) while maintaining a Market Perform rating.

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Starbucks (SBUX) PT Lowered to $55 at Stifel

June 20, 2018 6:27 AM EDT

Stifel lowered its price target on Starbucks (NASDAQ: SBUX) to $55.00 (from $58.00) while maintaining a Hold rating.

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Starbucks Corp (SBUX) Is Maturing, PT To $63 - RBC

June 20, 2018 6:13 AM EDT

RBC Capital analyst, David Palmer, reiterated his Outperform rating on shares of Starbucks (NASDAQ: SBUX) but cut his PT to $63 from $65 to reflect lower sales growth in the US and China. FY18 and FY19 EPS estimates to $2.42 (+17% YOY; guidance $2.39-$2.43) and $2.74 (+13% YOY).... More

BTIG Downgrades Starbucks (SBUX) to Neutral

June 20, 2018 6:01 AM EDT

BTIG downgraded Starbucks (NASDAQ: SBUX) from Buy to Neutral.

Analyst Peter Saleh steps to the sideline citing sales volatility in the US and China.

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.

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Telsey Downgrades Starbucks (SBUX) to Market Perform

June 20, 2018 4:53 AM EDT

Telsey 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.

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UPDATE: 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 (SBUX) PT Lowered to $60 at Barclays

June 20, 2018 4:25 AM EDT

Barclays lowered its price target on Starbucks (NASDAQ: SBUX) to $60.00 (from $65.00) while maintaining a Equalweight rating.

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Starbucks (SBUX) PT Lowered to $56 at Mizuho Securities

June 20, 2018 4:07 AM EDT

Mizuho Securities lowered its price target on Starbucks (NASDAQ: SBUX) to $56.00 (from $60.00) while maintaining a Neutral rating.

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Starbucks (SBUX) PT Lowered to $60 at Piper Jaffray

June 20, 2018 1:13 AM EDT

Analyst Nicole M. Regan adds "The company is removed from 'Pay for Performance' group and added to 'Recovery' group."

Piper Jaffray lowered its price target on Starbucks (NASDAQ: SBUX) to $60.00 (from $70.00) while maintaining a Overweight rating.

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Starbucks (SBUX) PT Lowered to $56 at BMO Capital

June 20, 2018 1:07 AM EDT

BMO Capital lowered its price target on Starbucks (NASDAQ: SBUX) to $56.00 (from $58.00) while maintaining a Market Perform rating.

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After-Hours Movers 6/19: (SYNA) (WBA) (FDX) Higher; (LZB) (ORL) (GE) Lower (more...)

June 19, 2018 5:46 PM EDT

Today's After-Hours Movers:

Synaptics Incorporated (NASDAQ: SYNA) 10% HIGHER; The Board of Dialog Semiconductor plc announces that it has today decided to proceed with due diligence and detailed discussions in connection with a potential acquisition of Synaptics Incorporated (NASDAQ: SYNA) to accelerate its growth in IoT ("Internet of Things") and enhance its position in the Mobile market.

La-Z-Boy (NYSE:... More

Starbucks Corp (SBUX) Lowers FY EPS Guidance

June 19, 2018 5:23 PM EDT

Starbucks Corp (NASDAQ: SBUX) sees FY EPS of $2.39-$2.43 vs $2.48-$2.53 prior and the consensus of $2.49.

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Starbucks closing cafes; CEO calls performance 'not acceptable'

June 19, 2018 4:33 PM EDT

By 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) Raises Quarterly Dividend 20% to $0.36; 2.5% Yield

June 19, 2018 4:12 PM EDT

Starbucks Corp (NASDAQ: SBUX) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 20% increase from the prior dividend of $0.30.

The dividend will be payable on August 24, 2018, to stockholders of record on August 9, 2018, with an ex-dividend date of August 8,... More

Starbucks Corp (SBUX) Sees Q3 Comps up 1%, Below Views

June 19, 2018 4:06 PM EDT

Starbucks 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