Hot Stock Blurp – SBUX

Coffee giant Starbucks Corp. (NASDAQ: SBUX) was recently reiterated an “Overvieght,” price target upped to $25, at Piper Jaffray. “…We believe the company warrants a 1.3x PEG due to the company’s continued dominant position in terms of brand equity, margin recovery, improved transaction trends which yields a $25 price target ($24 prior),” the analyst says.The Seattle-based company posted an adjusted profit of 24 cents per share fourth-quarter ended September 27, topping the 21 cents per share estimate of analysts surveyed by Thomson Reuters. Looking ahead, the company expects to see improved operating margin for both the U.S. segment and the International segment for the fiscal 2010 period.

Coffee giant Starbucks Corp. (NASDAQ: SBUX) was recently reiterated an Overweight, price target upped to $25, at Piper Jaffray, which cited “the company’s continued dominant position in terms of brand equity, margin recovery, improved transaction trends which yields a $25 price target.” The Seattle-based company posted an adjusted profit of 24 cents per share fourth-quarter ended September 27, topping the 21 cents per share estimate of analysts surveyed by Thomson Reuters. Looking ahead, the company expects to see improved operating margins for both the U.S. segment and the International segment for the fiscal 2010 period.

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