Starbucks curbs 2017 revenue forecast after U.S. store visits drop

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Starbucks (SBUX) PT Lowered to $54 at Buckingham Research Following 1Q

January 27, 2017 8:16 AM EST

Buckingham Research lowered its price target on Starbucks (NASDAQ: SBUX) to $54.00 (from $59.00) while maintaining a Neutral rating following the company's 1Q earnings report. Despite a comp miss, SBUX delivered EPS of $0.52, at the high end of guidance of $0.51-$0.52 vs. $0.46 LY. Total... More