BofA raised the firm’s price target on Starbucks (SBUX) to $137 from $130 and keeps a Buy rating on the shares. The firm revised its Q3 and FY26 North America same-store sales growth estimates to 7%/5.4% from 4%/3.9% as momentum from innovation and operational improvements persists. The firm raised its Q3 and FY26 International SSS growth estimates as well on strong performance across markets, as all top 10 markets comped positive.
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