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Starbucks Corporation Message Board

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  • repeat_the_future repeat_the_future Nov 5, 2012 1:46 PM Flag

    starbucks will surge post-election

     

    Starbucks was off before because of a bad quarter which it has reversed. it will now resume its previous uptrend. it has an average analyst price target of over $58 (which I expect will increase as upgrades flow in) and a 52 week high of $62. A lot of people were shorting it and I suspect they have not all covered. They increased their dividend. It's one of the few companies having stellar quarter in this last round of generally poor earnings reports.

    Of course they are going to keep going up, and of course upgrades will make a difference.

    I expect it will be at over $55 within the next month.

    Sentiment: Strong Buy

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