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Morgan Stanley Remains a Buy on Starbucks (SBUX)

Tipranks - Tipranks - Tue Apr 14, 5:46AM CDT

Morgan Stanley analyst Brian Harbour maintained a Buy rating on Starbucks today and set a price target of $105.00.

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Harbour covers the Consumer Cyclical sector, focusing on stocks such as Wendy’s, Wingstop, and Brinker International. According to TipRanks, Harbour has an average return of -1.3% and a 45.36% success rate on recommended stocks.

In addition to Morgan Stanley, Starbucks also received a Buy from Evercore ISI’s David Palmer in a report issued on April 10. However, today, Jefferies upgraded Starbucks (NASDAQ: SBUX) to a Hold.

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Based on Starbucks’ latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $9.91 billion and a net profit of $293.3 million. In comparison, last year the company earned a revenue of $9.4 billion and had a net profit of $780.8 million

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