News

Published on 31 Jan 2023 on MarketWatch

Starbucks makes it harder to get free coffee, but changes to rewards program should boost profit and...


Article preview image

The changes Starbucks Corp. is making to its rewards program, which will take effect February 13, will mean members have to spend more to get free hot coffee, lattes and cold brews. They should also help boost the coffee giant’s profit and sales this year, Stifel Nicolaus analyst Chris O’Cull said.

O’Cull raised his price target on Starbucks’ stock on Monday to $117 from $93 but maintained the hold rating he’s had on the stock since October 2021. The new price target makes O’Cull the most upbeat of the 19 of 34 analysts surveyed by FactSet who aren’t bullish on the stock.

NYSE.XLY price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Buffett's Favorite 4 Sectors: ETFs in Focus

Billionaire investor Warren Buffett is known for his winning investing style. Many want to mirror...

Zacks via Yahoo Finance 24 Nov 2023

12 Best Stocks In Each Sector

In this article, we discuss the 12 best stocks in each sector. To skip the detailed analysis of h...

Insider Monkey via Yahoo Finance 24 Nov 2023

Billionaires Bullish on Big Tech: ETFs in Focus

Who doesn’t dream of becoming an iconic investor like Warren Buffett, Carl Icahn, Daniel Loeb, Da...

Zacks via Yahoo Finance 20 Nov 2023

Should SPDR S&P MidCap 400 ETF (MDY) Be on Your Investing Radar?

The SPDR S&P MidCap 400 ETF (MDY) was launched on 05/04/1995, and is a passively managed exchange...

Zacks via Yahoo Finance 20 Nov 2023

5 Reasons Why Consumer Discretionary ETFs Are a Buy Now

The U.S. consumer discretionary sector has been currently experiencing a mix of possibilities and...

Zacks via Yahoo Finance 17 Nov 2023

Here's How Oil Prices Are Affecting the Goldilocks Narrative

While this has weighed on Action Alerts PLUS holding Energy Select Sector SPDR Fund shares, we co...

TheStreet.com 17 Nov 2023

US consumer discretionary sector outperforms amid inflation slowdown By Investing.com

US consumer discretionary sector outperforms amid inflation slowdown

Investing.com 17 Nov 2023

Oil Falls Below $80: ETF Areas to Win/Lose

In a notable market shift, U.S. crude prices recorded a drop of 5% on Thursday. This decline come...

Zacks via Yahoo Finance 17 Nov 2023

Should SPDR Portfolio S&P 600 Small Cap ETF (SPSM) Be on Your Investing Radar?

Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should con...

Zacks via Yahoo Finance 17 Nov 2023

5 Reasons Why Consumer Discretionary ETFs Are a Buy Now

Although higher unemployment, eroding consumer savings, and pressure on home prices are likely to...

Zacks 16 Nov 2023