Starbucks Adds Lyft to Growing Network of Companies in Retail’s Most Robust Digital Loyalty Ecosystem
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Wedbush Raises Price Target on Starbucks Coffee (SBUX) to $70 Following 3Q15
July 24, 2015 8:12 AM EDTWedbush reiterated an Outperform rating on Starbucks (NASDAQ: SBUX), and raised the price target to $70.00 (from $64.00), following 3Q15. EPS of $0.42 was above $0.41 consensus. Raised FY15 guidance now calls for non-GAAP EPS of $1.57-1.58, up from $1.55-1.57 previously.
Analyst Nick Setyan commented, "Expect continued Americas... More
Starbucks Coffee (SBUX), Lyft Enter Partnership
July 23, 2015 8:50 AM EDTStarbucks Coffee (Nasdaq: SBUX) and Lyft, one of the nations leading transportation network companies, announced a new, multi-year deal that will increase value for current customers, attract new customers, reward Lyft drivers and explore a transportation benefit for partners (Starbucks employees). All Lyft drivers will have the option of becoming My Starbucks Rewards® (MSR) loyalty program gold status members, and both Lyft drivers and riders will have the opportunity to earn Starbucks loyalty stars redeemable for food and beverages at participating Starbucks stores. The collaboration builds on what is fast becoming the retail... More
