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  • This chart says Starbucks is over-caffeinated

    Amanda Diaz at Talking Numbers20 days ago


    Talk about a caffeine kick.

    Shares of Starbucks got a serious jolt Thursday, up more than 2 percent and hit a three-month high, after UBS upgraded the coffee giant to “buy” from “neutral.” In an analyst note, UBS cited four main reasons for the upgrade: 1) potential upside to consensus expectations; 2) increased conviction for sustainable growth; 3) reduced fears of operational risk; 4) attractive valuation.

    (Watch: Starbucks still expensive: Trader)

    But with coffee prices up around 45 percent this year, should you buy Starbucks for your portfolio?

    “We all know Starbucks is a fine company here, but I think both traders and investors alike need to manage their expectations and in fact, I think the best days are behind this stock,” said Auerbach Grayson’s global technical analyst Richard Ross.

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