Starbucks price target raised to $95 from $85 at UBS

UBS raised the firm’s price target on Starbucks (SBUX) to $95 from $85 and keeps a Neutral rating on the shares. Starbucks reported preliminary Q4 results below expectations, and UBS expects U.S. sales trends could improve in Q1, in part given easier comparisons and the lapping of boycotts in the U.S., while expectations for FY25 earnings were already for flat to negative growth, the analyst tells investors in a research note. More details are expected next week during the earnings call on the “Back to Starbucks” strategic initiatives introduced by new CEO Brian Niccol, the firm says.