U.S. Markets closed

Starbucks earnings growth accelerating, says Deutsche Bank

Deutsche Bank raised its price target for Starbucks to $58 from $56 following the company's investor day. The firm says the company's earnings growth is accelerating and continues to recommend the stock with a Buy rating. Deutsche attributes yesterday's sell-off in shares to a lack of major news out of the investor day, but thought CEO Schultz sounded as upbeat as ever.