BMO Capital initiated coverage of Starbucks Corporation (NASDAQ:SBUX) stock on Wednesday.
BMO Capital’s coverage of Starbucks stock starts with an “Outperform” rating. Analysts at the firm have also set a target price of $56.00. The current price of SBUX stock is around $48, reports WKRB News.
“Starbucks is an attractive long-term investment opportunity and somewhat uniquely positioned within large-cap restaurants, in our view, given the litany of growth opportunities available to a concept of its size and scale,” BMO Capital analysts told TheStreet.com.
Cowen and Company analysts also started coverage of Starbucks stock on Wednesday. This firm set an Outperform rating for the stock and a target price of $56, WKRB News notes.
SBUX shares were up slightly as of Thursday morning.
More From InvestorPlace
