Starbucks price target raised to $95 from $85 at Goldman Sachs
Goldman Sachs raised the firm's price target on Starbucks (SBUX) to $95 from $85 but keeps a Neutral rating on the shares. The firm is encouraged by the increased clarity around the company's turnaround strategy with the faster-than-expected rollout of the Green Apron service model in its U.S. stores, though it also prefers to remain on the sidelines and believes that it will take time for these initiatives to materialize from a profit standpoint, the analyst tells investors in a research note.
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