Analysts: Starbucks Reports Higher-Than-Expected Earnings and 3 More Research Notes to Peruse

Starbucks Corp. (NASDAQ:SBUX): Oppenheimer increased its price target on Starbucks to $86 fro $80 after the company reported higher-than-expected earnings per share, as the firm believes the company deliberately kept future expectations at reasonable levels despite the coffee chain’s new positive catalysts. Oppenheimer keeps an Outperform rating on Starbucks stock.


Western Digital Corp. (NYSE:WDC): Brean Capital says to use the weakness in Western Digital as a buying opportunity; the firm calls it one of its top two picks, citing expectations for improvements in gross margins, favorable product mix, and incremental earnings power. The firm has rated Western Digital shares a Buy, and they carry an $85 price target.


Gap Inc. (NYSE:GPS): Jefferies believes Gap’s October same-store sales release on November 7 could be pivotal for the shares; the firm says another negative month would mark the first consecutive same-store sales declines since January 2012. Jefferies expects a low single-digit comp increase and says the risk/reward on Gap shares remains attractive. The firm lowered its price target for shares to $50 from $56 but keeps a Buy rating on the name.


SodaStream International Ltd. (NASDAQ:SODA): Stifel downgraded SodaStream to Sell from Hold due to revenue shortfalls in the Americas, uninspiring sell-through data, increased S&P spending per incremental unit sold, and return declines in marketing; the firm sees fair value in SodaStream at $40.


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