Starbucks Coffee (SBUX) Reports In-Line Q4 EPS
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Starbucks (SBUX) Outperform Rating Maintained at Wedbush
October 31, 2014 8:49 AM EDTWedbush maintained an Outperform rating on Starbucks (NASDAQ: SBUX) with a price target of $90. Comments follow Q4 results. Analyst Nick Setyan noted FY15 guidance was below expectations, but he thinks comp growth is poised to re-accelerate.
"FQ4 results largely in line as margin expansion offset slight comp deceleration," said Setyan. "EPS of $0.74 was in line with consensus, on SSS growth of 5% in Americas (vs. 6.3% consensus), 5% in EMEA (vs. 3.3% consensus), 5% in CAP (vs.... More
