Starbucks: Jefferies raises target price
(CercleFinance.com) - Jefferies confirms its "buy" recommendation on the Starbucks share, while raising its corresponding target price from 90 dollars to 94 dollars, in the wake of increased FY 2021 EBITDA and EPS estimates for the Seattle-based coffee chain.
"Starbucks Business Update Shows US & China Progress Underway, which could be flat by September's end," the broker summarised.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Starbucks Business Update Shows US & China Progress Underway, which could be flat by September's end," the broker summarised.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.