RBC Capital raised the firm’s price target on Starbucks (SBUX) to $110 from $105 but keeps a Sector Perform rating on the shares. The company’s Q2 earnings print was above expectations as both top- and bottom- line came in ahead of consensus and an elevated buy-side bar while the management raised the FY26 same-store-sales and EPS guidance, though North America margins came in below consensus and EPS guidance implies that second-half Street estimates are coming down, the analyst tells investors in a research note.
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