Starbucks "long term buy"

09.03.07 - McAdams Wright Ragen

NEW YORK, March 9 (newratings.com) - Analyst Dan Geiman of McAdams Wright Ragen reiterates his "long term buy" rating on Starbucks Corporation (SBUX). The target price is set to $44.

In a research note published yesterday, the analyst mentions that the company is expected to continue to achieve or exceed its long-term earnings growth target. Starbucks? share price has been under significant pressure since November due to concerns related to margins and a prospective shift in the company?s focus, the analyst says. McAdams Wright Ragen considers the substantial decline in the company?s share price as unwarranted.