Starbucks Coffee (SBUX) Critical of Recent Downgrade - CNBC
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April 15, 2016 7:12 AM EDT
Piper Jaffray analyst, Nicole Miller Regan, noted that spot coffee prices moved lower through the first two months of 2016 and now sit at (17%) on a YTD YoY basis through March. Starbucks (NASDAQ: SBUX) has already locked in ~90% of its FY16 coffee needs at slightly favorable prices to FY15 but the company remains well-positioned into... More
April 14, 2016 9:33 AM EDT
BTIG affirms Starbucks (Nasdaq: SBUX) at Buy with a price target of $75 following the release of Starbucks new loyalty program and mobile app.
Analyst Peter Saleh commented, We continue to believe that Starbucks mobile and digital platform creates a competitive advantage that... More
April 12, 2016 6:34 AM EDT
Deutsche Bank downgraded Starbucks (NASDAQ: SBUX) from Buy to Hold with a price target of $64.00 (from $70.00). Analyst Brett Levy is more cautious due to high expectations and valuation.
"We believe the combination of lofty near-term investors' expectations, operational changes and a premium valuation creates a less favorable risk-reward on the shares,"... More
