Tuesday, May 22, 2012

Stock Alert - Stephens initiates coverage on Starbucks (SBUX +0.1%) with an Overweight rating and $66 price target- 5/22/12

Stephens initiates coverage on Starbucks (SBUX +0.1%) with an Overweight rating and $66 price target after seeing shares slip 10% over the last month. The bullish vibe is nothing new on the Street, with 22 out of 28 analysts rating the stock a Buy or Overweight and nary an analyst coming in below a Hold.

Starbucks (SBUX) resistance level is $55.17 and support level is $51.43.

More Stocks News

For the latest updates on the stock market, visit, 
http://daytradingstock-blog.blogspot.com/