Starbucks "outperform"

04.05.07 - Robert W. Baird

NEW YORK, May 4 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Starbucks Corporation (SBUX). The target price is set to $47.

In a research note published this morning, the analysts mention that the company has reported its 2Q EPS in-line with the estimates and the consensus. Starbucks has reaffirmed its EPS guidance for the full year at $0.87-0.89, in-line with the estimates and the consensus. The internal drivers, which helped the company achieve robust growth in the quarter, are likely to continue to boost its results going forward, the analysts say.