Starbucks price target raised to $112 from $108 at BofA

BofA analyst Sara Senatore raised the firm’s price target on Starbucks (SBUX) to $112 from $108 and keeps a Buy rating on the shares. Given the faster pace of growth in the limited-service specialty coffee category than in the broader restaurant industry, as well as the potential for further acceleration as Gen Z increases its coffee consumption, the firm is bullish on both Starbucks and Dutch Bros (BROS), the analyst tells investors.