Starbucks upgraded to overweight at J.P. Morgan after meeting with executives [MarketWatch]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: MarketWatch
Starbucks upgraded to overweight at J.P. Morgan after meeting with executives Starbucks SBUX, +0.64% was upgraded to overweight from neutral at J.P. Morgan after a meeting with company management including CEO Kevin Johnson and CFO Pat Grismer. "We sensed a high degree of confidence that the 'growth at scale' agenda is working in the near and medium term, meeting if not exceeding set sales and margin objectives. No formal update to model, but we believe U.S. comps are 5%+ and that China results are at least within 1-3% expectations," said analysts John Ivankoe and Patrice Chen, who also hiked the Starbucks price target to $94 from $90. Starbucks, which closed Wednesday at $88.03, has climbed 34% this year, compared to a 25% gain for the S&P 500.
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form 4
- SBUX's page on the SEC website