Harbour: Small changes in US Starbucks stores are promising
Portfolio Pulse from
Morgan Stanley's Brian Harbor remains optimistic about Starbucks, maintaining a positive price target despite expected declines in US and China same-store sales. He anticipates improvements in traffic growth, corporate cost structure, and earnings in the coming quarters.
January 28, 2025 | 2:45 pm
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Morgan Stanley's Brian Harbor maintains a positive outlook for Starbucks, expecting improvements in traffic growth, corporate cost structure, and earnings, despite anticipated declines in US and China same-store sales.
The analyst's positive outlook and maintained price target suggest confidence in Starbucks' future performance, likely boosting investor sentiment. The focus on improvements in traffic, cost structure, and earnings supports a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100