Stifel analyst Chris O’Cull raised the firm’s price target on Starbucks (SBUX) to $114 from $110 and keeps a Buy rating on the shares. The firm views the setup “favorably, especially if investors can buy shares that pull back over coffee tariff concerns,” says the analyst, who argues that Starbucks shares should appreciate as U.S. comp sales improve sequentially, which Stifel expects to see signs of “within the next several months.”
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