Wells Fargo analyst Zachary Fadem raised the firm’s price target on Starbucks (SBUX) to $115 from $110 and keeps an Overweight rating on the shares. As news circulates of Starbucks exploring strategic options for its China business, the firm sees a no-lose situation, as both JV or spin/sale scenarios could boost long-term margins/EPS. Price to earnings sits at +19% vs long-term average, but the 2025 bar is low and China de-risk is a potential catalyst.
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