JPMorgan Reiterates Overweight Rating on Starbucks (SBUX)

JPMorgan analyst John Ivankoe reiterated an Overweight rating and $105.00 price target on Starbucks (NASDAQ: SBUX).

He said, "The pace of change is accelerating at Starbucks, with CEO Brian Niccol at the helm just ~20 weeks in. Not dissimilar to his well-versed five key priorities at Chipotle, Starbucks is honing in on 1) reintroduce Starbucks to the world (through marketing), 2) deliver customer experience to win the morning, 3) re-establish Starbucks as the community coffee house, 4) ensure Starbucks offers the best job in retail."

For an analyst ratings summary and ratings history on Starbucks click here. For more ratings news on Starbucks click here.

Shares of Starbucks closed at $100.41 yesterday.

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