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In an interview with CNBC, Starbucks CEO Brian Niccol said the company expects to reach roughly 1,500 or more upgraded stores by the end of the current fiscal year.
Starbucks (NASDAQ:SBUX) plans to invest about $1 billion in upgrades to its North American cafes as part of changes intended to encourage customers to spend more time in its stores, according to a Financial Times report. The coffee chain is planning renovations across as many as 9,000 company-operated locations in North America, the FT reported, citing Dawn Clark, Starbucks’ senior vice-president of coffee house design and concepts.
RBC Capital Markets lowered its price target on Restaurant Brands International (QSR.TO, QSR) to $85
With an annual dividend yield of 6.06%, Verizon Communications Inc. (NYSE:VZ) is included among the 12 Stocks with Highest Dividend to Invest In Now. On June 16, Reuters reported that Verizon Communications Inc. (NYSE:VZ) is rolling out a series of customer-focused changes. It includes simpler plans, the removal of activation and upgrade fees, and a […]
One of Wall Street’s top firms just put its stamp of approval on the Starbucks (NASDAQ:SBUX) comeback story. TD Cowen upgraded Starbucks to Buy from Hold and raised its price target to $120 from $106, calling out “numerous tangible drivers” that should fuel positive sales revisions against a strong category backdrop. The call lands as ... TD Cowen Just Upgraded Starbucks to Buy: Margin Recovery, Sales Drivers Power Comeback Story
Investing.com -- TD Cowen has upgraded Starbucks to Buy and raised its price target to $120, arguing that the coffee chain's turnaround is still in its "early innings" with multiple drivers that could push earnings and margins above Wall Street expectations over the next two and a half years.