Goldman Sachs Raised Starbucks & Cut McDonalds

Starbucks (Nasdaq: SBUX) was ADDED to CONVICTION BUY LIST at Goldman Sachs. Goldman sees 3 trewnds that can stem recent weakness and take it toward the $43 target. 1) trading reversal on key events, 2) return to margin improvements in the second half of the year, 3) valuations screens make the stock look cheap. Goldman Sachs sees 45% upside in SBUX at this point.

McDonalds (NYSE: MCD) was Removed from the CONVICTION BUY LIST and replaced with Starbucks. Goldman sees more upside in SBUX at this point and better valuations.

By Jon C. Ogg

http://www.247wallst.com/

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