Evercore Maintains Outperform on Starbucks, Sets $105 Target as Earnings Show Mixed Signals
Evercore ISI has reiterated an Outperform rating on Starbucks with a $105.00 price target after the company released first-quarter results that combined an earnings decline and margin compression with stronger-than-expected same-store sales, particularly internationally and in China. The stock traded near $98.54, carries a high P/E ratio, and drew …