Analysts: Starbucks’ Operating Momentum is Strong and 3 Other Research Notes to Browse
Starbucks (NASDAQ:SBUX):Oppenheimer believes that weaknesses will create a buying opportunity, citing that the company’s operating momentum remains strong. Several positive catalysts are poised to accelerate earnings for 2H13 said the firm, which rates the shares at Outperform and raises its price target from $62 to $65.
Newfield Exploration (NYSE:NFX): FBR Capital has added the company to its list of Top Picks, based on expectations that its capital plan will deliver production upside both this year, and next. It rates the share Outperform, with a $35 price target, up from $32.
Expedia (NASDAQ:EXPE): Cantor notes that the company’s turnaround is largely on track, following stronger than expected Q1 results. Continued acceleration in hotels signal a successful turnaround for the firm, which keeps its $75 price target and a Buy rating on the stock.
BJ’s Restaurants (NASDAQ:BJRI): Oppenheimer is confident that the company’s shares will rebound, once its margins improve in 2H13 and its comps ease a bit. The firm thinks that downward earnings revisions are nearing an end, and recommends buying the stock.