Analysts: New Food Offerings Good for Starbucks and 3 Other Research Notes to Look Over
Starbucks (NASDAQ:SBUX): After Starbucks introduced its new La Boulange food in some of its Manhattan stores, Bernstein thinks that the new food will increase the company’s comps. The firm believes that the company has a multiple comp drivers, and it keeps an Outperform rating on the shares.
ARM Holdings (NASDAQ:ARMH): Bernstein believes that ARM Holdings’ stock reflects unrealistic long-term expectations, and the firm expects slowdowns in smartphone growth, along with stepped up competition from Intel (NASDAQ:INTC), to weigh on the shares. The firm keeps an Underperform rating on ARM Holdings.
Lululemon (NASDAQ:LULU): Canaccord views Lululemon’s risk/reward as favorable given a re-acceleration in sales growth, transitory issues that were resolved, and expectations that a new CEO will be named by year end, which will remove a significant overhang. The shares are Buy rated with a $85 price target.
Whirlpool (NYSE:WHR): Bank of America Merrill Lynch added Whirlpool to the U.S. 1 List. The firm believes that the market is overlooking strength in the replacement cycle and expects a peak in 2017 with housing related demand to add to the upside. The shares are Buy rated with a $175 price target.