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Starbucks Corp (SBUX) Receives a Buy from Merrill Lynch


Merrill Lynch analyst Gregory Francfort maintained a Buy rating on Starbucks Corp (NASDAQ: SBUX) today and set a price target of $64. The company’s shares opened today at $57.67.

According to TipRanks.com, Francfort is ranked #4265 out of 4909 analysts.

Currently, the analyst consensus on Starbucks Corp is a Moderate Buy with an average price target of $56.56, a -1.9% downside from current levels. In a report issued on October 4, KeyBanc also initiated coverage with a Buy rating on the stock with a $65 price target.

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Starbucks Corp’s market cap is currently $78.85B and has a P/E ratio of 18.09. The company has a Price to Book ratio of 19.76.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Last month, Myron E. Ullman, a Director at SBUX sold 99,166 shares for a total of $5,458,938.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Starbucks Corp. engages in the provision of premier roaster, marketer, and retailer of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development.