BofA analyst Sara Senatore raised the firm’s price target on Starbucks to $150 from $131 and keeps a Buy rating on the shares. The firm is fine-tuning estimates for restaurant stocks ahead of Q2 earnings season for the group and raising price targets for a number of names in its coverage on higher estimates and/or higher market multiples.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SBUX:
- Starbucks price target lowered to $120 from $125 at Wells Fargo
- SBUX, MELI, or CRWD: Which Large-Cap Stock Could Generate the Most Compelling Returns?
- Starbucks (NASDAQ:SBUX) Faces More Labor Headaches Over Coming Weeks
- Unusually active option classes on open July 10th
- Starbucks Ticks Higher despite More Labor Trouble
Questions or Comments about the article? Write to editor@tipranks.com