Starbucks shares recommend after management meeting at Piper Jaffray Piper Jaffray recommends buying shares of Starbucks after meeting with management. Piper raised its earnings estimates on expected share repurchases this year and higher operating margins in the out years. Piper thinks many catalysts remain for Starbucks and calls the stock a top investment idea. The firm raised its price target for shares to $90 from $89 and keeps an Overweight rating on Starbucks.
EU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link