Wall St Engine(@wallstengine):TD Cowen upgraded $SBUX to Buy and raised its PT to $120 from $106, saying Starbucks has “numerous tangible drivers” for positive sales revisions. The firm expects labor investment to be offset by sales leverage, easing COGS and non-core cost cuts.

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Wall St Engine@wallstengine

2026.05.14 10:15

TD Cowen upgraded $SBUX to Buy and raised its PT to $120 from $106, saying Starbucks has “numerous tangible drivers” for positive sales revisions. The firm expects labor investment to be offset by sales leverage, easing COGS and non-core cost cuts.