BTIG analyst Peter Saleh raised the firm’s price target on Starbucks to $125 from $120 and keeps a Buy rating on the shares after its Q2 earnings beat. The analyst cites the sales and margin momentum that the company achieved in the first half of the year. BTIG also believes that the guidance at Starbucks is conservative given the return to pre-pandemic transaction levels at breakfast and double-digit comp recovery in China.
Published first on TheFly
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