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Starbucks’ Target, Estimates Lifted at Credit Suisse (SBUX)

By Dividend.com,  April 18, 2012, 09:50:44 AM EDT

Analysts at Credit Suisse offered some additional bullish commentary on coffee retailer Starbucks Corporation ( SBUX ) on Wednesday.

The firm maintained its "Outperform" rating on SBUX and boosted its price target to $67. That new target suggests a 14% upside to the stock's Tuesday closing price of $58.66.

Credit Suisse also lifted its earnings estimates for the company through 2013, noting it should continue to benefit from lower coffee prices.

Starbucks shares rose $1.03, or +1.8%, in morning trading Wednesday.

The Bottom Line
Shares of Starbucks ( SBUX ) have a 1.16% dividend yield, based on last night's closing stock price of $58.66. The stock has technical support in the $55-$56 price area. The shares are trading near all-time highs.

Starbucks Corporation ( SBUX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: SBUX



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