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Guggenheim Reaffirms Their Hold Rating on Starbucks (SBUX)

Tipranks - Tipranks - Fri Mar 6, 6:30AM CST

In a report released today, Gregory Francfort from Guggenheim maintained a Hold rating on Starbucks, with a price target of $95.00.

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According to TipRanks, Francfort is a 4-star analyst with an average return of 8.6% and a 63.87% success rate. Francfort covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Domino’s Pizza, and Darden Restaurants.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $100.82 average price target.

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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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