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Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:35 EDTSBUXCustomer complaints prompt Starbucks to retool pastry offerings, Bloomberg says
Starbucks's acquisition of La Boulange in 2012 added fancier pastries to its U.S. locations, but now, the coffee company is discovering that some customers liked the food better before which has prompted another round of retooling, according to Bloomberg, citing comments from COO Troy Alstead in an interview. Reference Link
News For SBUX From The Last 14 Days
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April 20, 2015
16:13 EDTSBUXEvolution Fresh announces new suite of fruit and vegetable juices
Evolution Fresh, a Starbucks company, announced a new suite of fruit and vegetable juices in 11 fl. oz. bottles. Available nationwide on grocery shelves this spring, this new line includes five new cold-pressed juice blends and one current favorite, adding even more variety to Evolution Fresh’s portfolio of 42 cold-pressed juices available in original 15.2 fl. oz. and multi-serve bottles. The new varieties are available for a suggested retail price of $3.99-$4.79 at grocery stores nationwide.
April 16, 2015
10:26 EDTSBUXBMO Capital upbeat on Starbucks, lukewarm on Dunkin'
BMO Capital initiated coverage of Starbucks (SBUX) with an Outperform rating in a note to investors, citing what it sees as the company's many growth opportunities. The firm was less upbeat on Dunkin' Brands (DNKN), as the firm said that the company faces tougher competition than Starbucks, and advised investors to wait for a more compelling entry point in the stock before buying. WHAT'S NEW: Starbucks' multiple growth opportunities make it somewhat unique among large-cap restaurant stocks, BMO analyst Andrew Streizik contended. The company's U.S. comparative sales have probably bottomed and could begin to reaccelerate, partly due to its innovation, higher food sales, and marketing strength, the analyst believes. Additionally, Starbucks' margin expansion could exceed its long-term guidance, partly due to lower than expected cost of goods and efficiencies from its expansion of food and day parts, according to Streizik. Starbucks could increase the amount of money it returns to shareholders or make accretive acquisitions, given its strong balance sheet, the analyst stated. He set a $56 price target on the stock. Conversely, Streizik said he was worried about the sustainability of Dunkin's U.S. comparative sales, as the company's U.S. comps are two to three times more volatile than those of Starbucks. Dunkin' is more exposed to competition than Starbucks, since Dunkin's drinks are less differentiated than the competition, the analyst stated. Dunkin's need to compete with fast food restaurants, which traditionally offer heavy discounts, makes it more dependent on discounts, added Streizik, who set a $52 price target on the shares. PRICE ACTION: In early trading, Starbucks added 0.2% to $48.25, while Dunkin gained 0.7% to $48.33.
10:00 EDTSBUXOn The Fly: Analyst Initiation Summary
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April 15, 2015
17:25 EDTSBUXStarbucks initiated with a Buy at Guggenheim
Target $56.
16:22 EDTSBUXStarbucks initiated with an Outperform at BMO Capital
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10:00 EDTSBUXOn The Fly: Analyst Initiation Summary
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06:05 EDTSBUXStarbucks initiated with an Outperform at Cowen
Target $56.
April 14, 2015
08:33 EDTSBUXGoldman recommends buying Starbucks and Dunkin' Brands into earnings
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April 10, 2015
07:12 EDTSBUXPiper's new target for Starbucks suggests 16% upside
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April 9, 2015
08:31 EDTSBUXStarbucks split-adjusted price target raised to $54 at Argus
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April 7, 2015
06:52 EDTSBUXStarbucks profit raises concerns over tax practices in Europe, WSJ reports
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