Starbucks' weak performance outlook pushed down its share price
A group of analysts cut their share price target for Starbucks, a famous US coffee chain operator, on Friday, mainly because of the company's weak performance outlook, which sent Starbucks shares down nearly 11 per cent in intraday trading on Friday.
According to a recent survey by analysts at research firm FaceSet, market analysts' average expectations for Starbucks' target share price fell 7 per cent to $60.26 a share. For fiscal year 2013, analysts now expect Starbucks to earn an average of $2.17 a share.
Brokerage Baird downgraded Starbucks to neutral from buy, lowering its target price for Starbucks from $65 to $50 per share; Goldman Sachs lowered its target price for Starbucks from $63 to $57; Standard & Poor's Capital IQ lowered its target price from $63 to $56 per share; JPMorgan Chase lowered its target price from $58 to $54 per share. Lazard lowered its target price from $69 to $64 per share, while Wells Fargo lowered its target price range for Starbucks from $51 to $53 per share to $47 to $49 per share.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Green Mountain Coffee borrows a New method to predict sales and ease investor sentiment
Green Mountain Coffee has finally found a way to ease investor nerves, at least for a while. The maker of K-Cup coffee says it has designed a better model to predict product demand and ease investor concerns as it faces increasing competition in the single-cup coffee market. Green Mountain Coffee reported weak earnings, but the company's share price soared
- Next
The American masked man robbed a cafe and was scared away by a 71-year-old vigilante.
According to US media reports on July 18, a coffee shop in Florida was robbed a few days ago. Two 19-year-old robbers robbed guests of the store with a baseball bat and a pistol. A 71-year-old vigilante suddenly stepped forward and opened fire on him, scaring off two robbers. According to the store's video, two 19-year-old masked robbers imitated the game Grand Theft car.
Related
- Russian specialty drink Raf coffee Historical sources Introduction Vanilla flavor cream latte practice
- Comparison of instant coffee/freeze-dried coffee/capsule coffee/ear bag/cold extract espresso liquor and freshly ground coffee
- How to make a creative coffee plum cream latte? What ingredients are needed? How many kinds of plum flavor special coffee are introduced?
- How to make ice drops and cold extracts in coffee shops? How many hours does it take to make ice drops? Why can't I drink freshly made cold extract directly?
- What is the reason for water accumulation in the perforation of the espresso perfect powder? How to solve the problem of agglomerating espresso powder
- What parameters do you use to manually brew Blue Mountain coffee beans in lightly roasted rose summer? How long should you keep fresh coffee beans? How many days are the best period to enjoy the flavor?
- Why does drinking coffee have aftertaste? The difference between Hui Gan and Yu Yun What is aftertaste
- Can coffee beans be kept fresh for a long time in the refrigerator? How long can it be frozen? Should I defrost the frozen coffee beans?
- Does hanging coffee with milk count as a latte? Is it good to add milk powder to ear bags? Can I use milk to make hanging ears?
- Bubble ice American cola Sprite coffee practice steps How good is orange juice American? There are several combinations of soda water and coffee