Starbucks price target raised to $120 from $115 at BMO Capital

BMO Capital raised the firm’s price target connected Starbucks (SBUX) to $120 from $115 and keeps an Outperform standing connected the shares. The company’s Investor Day reaffirmed the firm’s assurance successful turnaround program and important EPS maturation imaginable successful coming years, the expert tells investors successful a probe note. Starbucks’s FY28 targets are achievable with upside potential, putting it connected imaginable way for EPS of $5+ by FY30 driven by well-rounded slate of income drivers, the steadfast added.

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