BNP Paribas initiated coverage of Starbucks (SBUX) with an Underperform rating and $84 price target While the firm sees Starbucks as a “high-quality, consumer compounder in a habitual category,” it argues that the current valuation “embeds flawless execution” and it sees a high degree of execution risk and a “less linear” turnaround.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 29
- Niccol Has a Tough Time Reviving Starbucks, Starbucks Stock (NASDAQ:SBUX) Plunges
- Starbucks Stock Stumbles as Turnaround Hype Fades
- “Functional Fuel”: Starbucks Stock (NASDAQ:SBUX) Slides Despite Growing Demand for Protein in Coffee
- Efficiency Not Out at Starbucks (NASDAQ:SBUX) as It Looks to Shorten Airport Lines