• 
• See all for Dividend.com
• View Print Version

• Best Dividend Stocks
• High-Yield Dividend Stocks
• Ex-Dividend Calendar

• SBUX 93% Rate It

Williams Capital reported on Wednesday that they have increased estimates for specialty coffee chain, Starbucks Corporation( SBUX ).

The firm has increased its rating for SBUX to a "Perform," and has raised its price target to $55. This price target suggests a 3% increase from the stock's current price of $53.19.

Analysts from the firm have increased estimates due to the company's cost cutting measures and higher sales volume.

Starbucks shares were up 36 cents, or 0.68% during premarket trading Wednesday. The stock is up 7% YTD.

The Bottom Line
Shares of Starbucks ( SBUX ) have a 1.58% dividend yield, based on last night's closing stock price of $53.19. the stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $56 price level.

Starbucks Corporation( SBUX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Related Stocks Articles

• 
  Steel Dynamics Guides Lower 2Q EPS - Analyst Blog
  6/19/2013 06:32 PM
• 
  Novo Nordisk Patent Found Invalid - Analyst Blog
  6/19/2013 06:32 PM
•