BMO Capital Maintains a Buy Rating on Starbucks (SBUX)

BMO Capital analyst Andrew Strelzik maintained a Buy rating on Starbucks (SBUXResearch Report) today and set a price target of $115.00. The company’s shares closed last Monday at $88.09.

According to TipRanks.com, Strelzik is a 4-star analyst with an average return of 5.4% and a 58.7% success rate. Strelzik covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Papa John’s International, and Brinker International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $112.95 average price target, implying a 28.5% upside from current levels. In a report issued on March 23, Jefferies also assigned a Buy rating to the stock with a $130.00 price target.

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The company has a one-year high of $126.32 and a one-year low of $78.92. Currently, Starbucks has an average volume of 10.15M.

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Founded in 1985, Starbucks Corp. is a Washington-based roaster and retailer of specialty coffee, with over 30,000 stores in 80 markets. It operates through three segments, including Americas, International and Channel Development. Starbucks stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, food items such as pastries, sandwiches, salads, oatmeals, as well as a variety of merchandise. The company’s leading brands include Evolution Fresh, Teavana, Tazo Tea and Seattle’s Best.

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