Piper Sandler analyst Brian Mullan raised the firm’s price target on Starbucks (SBUX) to $103 from $100 and keeps an Overweight rating on the shares following the company’s Investor Day. Overall, the firm thought the day was well done, and it was helpful to hear from the team and get deeper insights into its plans to drive the business over the next several years.
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:
- Starbucks price target raised to $100 from $94 at UBS
- Starbucks price target raised to $116 from $110 at Barclays
- “Massive Expansion Ahead” as Starbucks (SBUX) Targets over 2,000 New Stores Globally
- Starbucks price target raised to $89 from $84 at TD Cowen
- “Encourage More Visits”: Starbucks Stock (NASDAQ:SBUX) Slips With Rebuilt Loyalty Program