Stifel Raises Starbucks Target Price, Anticipates Earnings in Line with Estimates
Stifel raised its price target for Starbucks (SBUX) to $115 from $105, maintaining a Buy rating ahead of the company's April 28 earnings report. The firm expects earnings to meet the mean EPS estimate of 42 cents, citing solid domestic sales trends. Starbucks also announced a $100 million investment to establish a corporate office in Nashville, creating 2,000 jobs over five years.
Tickers: $SBUX
Topics: company expansion earnings forecast job creation price target stock analysis