UPDATE: Guggenheim Starts Starbucks (SBUX) at Neutral
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Starbucks (SBUX) Sells its Share of South Korean Retail Business to E-Mart and GIC
July 27, 2021 5:24 AM EDTStarbucks Coffee Company (NASDAQ: SBUX) today announced it has agreed to sell its 50% ownership share of Starbucks Coffee Korea Co., Ltd. Joint venture partner E-Mart Inc. (Shinsegae Group) ("E-Mart ") will acquire an additional 17.5% interest in Starbucks Coffee Korea Co., Ltd., giving E-Mart 67.5% ownership of Starbucks operations in South Korea.
E-Mart has been Starbucks joint venture partner in South Korea since 1999, when the brand opened its first store near Ewha Womans University in Seoul. Since then, E-Mart has been a valuable strategic business partner throughout the market and has demonstrated their ability to elevate... More
Starbucks (SBUX) PT Raised to $135 at Stifel Ahead of Earnings on Increased Visitation
July 26, 2021 6:50 AM EDTStifel analyst Chris O\'Cull raised the price target on Starbucks (NASDAQ: SBUX) to $135.00 (from $124.00) while raising F3Q Americas SRS to 83% (from 80%) after as mobile location data indicates visitation has accelerated since mid-May. This compares with the Street consensus at 81%.
The... More
Starbucks (SBUX) 30-day option implied flat as shares near record high
July 26, 2021 4:01 AM EDTStarbucks (NASDAQ: SBUX) 30-day option implied is at 25; compared to its 52-week range of 18 to 41 as shares near record high
... MoreBaird Upgrades Starbucks (SBUX) to 'Outperform' on Improved Fundamental Outlook
July 23, 2021 11:17 AM EDTBaird analyst David Tarantino upgraded shares of Starbucks (NASDAQ: SBUX) to Outperform from Neutral with a price target of $142.00 per share.
The analyst says that the prior Neutral rating was based on fears about the outlook stemming from the COVID-19 pandemic.
While we normally hesitate to upgrade stocks trading at 52-week highs, we highlight SBUX actually has lagged the S&P 500 by 170 bp year-to-date, and we believe this dynamic along with an improved fundamental... More
UPDATE: Baird Upgrades Starbucks (SBUX) to Outperform
July 23, 2021 4:10 AM EDT(Updated - July 23, 2021 6:18 AM EDT)
Baird analyst David Tarantino upgraded Starbucks (NASDAQ: SBUX) from Neutral to Outperform with a price target of $142.00 (from $117.00).
The analyst comments "Our recent U.S. coffee category data points have strengthened our confidence that... More
