Starbucks Upgraded at Robert Baird (SBUX)

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Robert Baird reported on Thursday that they have upgraded american global coffee company, Starbucks Corporation( SBUX ) to "Outperform."

The firm upgraded SBUX from "Neutral" to "Outperform," and have given the company a price target of $62. This price target suggests a 17% increase from the stock's current price of $51.62.

Analysts believe that the company will see steady earnings through the next one to two years.

Starbucks shares were mostly flat during premarket trading Thursday. The stock is up 8.7% YTD.

The Bottom Line
Shares of Starbucks ( SBUX ) have a 1.65% dividend yield, based on last night's closing stock price of $50.79. The stock has technical support in the $46-$48 price area. If the shares can firm up, we see overhead resistance around the $52-$54 price levels.

Starbucks Corporation( SBUX ) is not recommended at this time, holding a 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 .

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.

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This article appears in: Investing , Stocks

Referenced Stocks: SBUX

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