Guggenheim raised the firm’s price target on Starbucks (SBUX) to $97 from $95 and keeps a Neutral rating on the shares after the company reported Q2 EPS of 50c that beat the firm’s estimate by 6c, including 4c of upside in North America. Following the report, the firm raised its FY26 EPS estimate by 10c and its FY27 and FY28 estimates by 5c each.
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