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Starbucks could continue to grow in China for a long time

Dow Jones2021-10-11

Starbucks Corp. was upgraded to buy from hold at Deutsche Bank, with analysts anticipating growth in China for a long time to come. Analysts maintained their $127 price target. Deutsche Bank initiated Starbucks coverage last month. Analysts also expect Starbucks to return "a low to mid-teens percent of its equity market cap" in dividends and share buybacks over the next three years. On the third-quarter earnings call, Chief Executive Kevin Johnson said the company had reached more than 5,100 locations in China, and revenue grew 45% year-over-year. "These are still early days," Johnson said, according to a FactSet transcript. Starbucks stock is up 4% for the year to date while the S&P 500 index has gained nearly 17% for the period.

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评论12

  • MuffinsDaddy
    ·2021-10-11
    Oo
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  • leeWT
    ·2021-10-11
     A market too big to ignore 
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    • dw321
      Ya
      2021-10-11
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  • Yappie830
    ·2021-10-11
    Like n share please 
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  • PanaCota
    ·2021-10-11
    Ok
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  • BBBBBBBBBB
    ·2021-10-11
    Ok
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    • PanaCota
      ok
      2021-10-11
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  • stormlee
    ·2021-10-11
    Pls like tks
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  • Saltyninjazz
    ·2021-10-11
    Good news
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    • stormlee
      Pls like tks
      2021-10-11
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  • SunnyBoyz
    ·2021-10-11
    Yes
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    • SunnyBoyz
      Great
      2021-10-11
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    • stormlee
      Pls like tks
      2021-10-11
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  • alexsander
    ·2021-10-11
    growth
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  • Pluto891
    ·2021-10-11
    good for me
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    • gky
      good
      2021-10-11
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  • SeahBW
    ·2021-10-11
    Totally agree! Starbucks branding moat is just too strong...Growth is expected 
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    • Eded
      How about luckin coffe…
      2021-10-11
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    • zhaocaimeow
      🚀🚀
      2021-10-11
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  • Jchptan
    ·2021-10-11
    Hi
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