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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.
The Consumer Price Index (CPI) rose 0.6% month-over-month and 3.8% year-over-year (higher than expected) in April, as reported by the Bureau of Labor Statistics (BLS) on Tuesday morning. Core CPI — which excludes the inflation seen in food and energy prices — rose 0.4% monthly and 2.8% annually. Yahoo Finance Senior Reporter Brooke DiPalma comes on Market Catalysts to discuss the foods and consumer categories. that saw the biggest price increases and declines last month.