Analysts: Buy Starbucks on Weakness and 3 More Research Notes to Check Out
Starbucks Corp. (NASDAQ:SBUX): Jefferies recommends buying shares of Starbucks on any weakness after the company was ordered to pay $2.76 billion in arbitration to Kraft. The firm does not expect a material impact on Starbucks’s operating earnings or fundamentals, and notes that the coffee chain has more than $3 billion stowed in cash and investments, as well as access to liquidity if necessary. The firm has a Buy rating on the stock, with an $84 price target.
Qualcomm Corp. (NASDAQ:QCOM): Goldman Sachs has added Qualcomm to its Conviction Buy list, citing valuation, capital allocation, and expanding chipset margins; Qualcomm shares are Buy rated with an $80 price target.
Harley-Davidson Inc. (NYSE:HOG): Citigroup has noted that its Harley-Davidson dealer checks show that October retail sales were strong, likely up in the mid-teens. The checks also signal that Harley-Davidson’s new Street 750 and Street 500 models have been well received and should sell well; the firm still sees Harley-Davidson as a high-conviction long idea and keeps a Buy rating with a $79 price target.
Intuit Inc. (NASDAQ:INTU): UBS thinks that Intuit’s fiscal-2014 comparable sales and targets are beatable, and that the fiscal-2015 Street estimates look fairly conservative. The firm raised its price target on Intuit shares to $84 given the long-term growth prospects and improving visibility from recurring revenues; the shares are Buy rated.
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