Starbucks (SBUX) PT Lowered to $117 at Morgan Stanley on Cost Inflation
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Starbucks (SBUX) Stock Up on Upgrade to Overweight at Stephens, Continued Labor Investments Seen as a Smart Move
November 1, 2021 7:41 AM EDTShares of Starbucks (NYSE: SBUX) are up over 1% in pre-open Monday after Stephens analyst James Rutherford upgraded to Overweight from Equal-Weight with a new price target of $130.00 per share (from the prior $118.00).
The upgrade is based on three major positives: 1) September U.S. & China comps accelerated. 2) "Bad" news is out. 3) Support... More
