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Oppenheimer Keeps Their Hold Rating on Starbucks (SBUX)
Oppenheimer analyst maintained a Hold rating on Starbucks yesterday. The company’s shares closed yesterday at $105.85.
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In addition to Oppenheimer, Starbucks also received a Hold from D.A. Davidson’s Matt Curtis in a report issued yesterday. However, on the same day, TD Cowen maintained a Buy rating on Starbucks (NASDAQ: SBUX).
Based on Starbucks’ latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $9.53 billion and a net profit of $510.9 million. In comparison, last year the company earned a revenue of $8.76 billion and had a net profit of $384.2 million
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