Evercore ISI analyst David Palmer raised the firm’s price target on Starbucks (SBUX) to $105 from $95 and keeps an Outperform rating on the shares following announcements at the recent Starbucks Leadership Experience. The firm continues to see the Starbucks turnaround as multi-pronged, with complexity that will require at least several years before settling into a steady algorithm, the analyst tells investors in a research note.
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