Guggenheim analyst Gregory Francfort raised the firm’s price target on Starbucks (SBUX) to $90 from $88 and keeps a Neutral rating on the shares after updating estimates ahead of the upcoming fiscal Q1 earnings report due this Wednesday and investor day in New York on Thursday. Ahead of the events, the firm raised its 2027 and 2028 EPS estimates by 5c each, the analyst noted.
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