Goldman Sachs Raised Starbucks & Cut McDonalds
Starbucks was ADDED to CONVICTION BUY LIST at Goldman Sachs. Goldman sees 3 trewnds that can stem recent weakness and take it toward the $43 target. 1) trading reversal on key events, 2) return to margin improvements in the second…
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Starbucks was ADDED to CONVICTION BUY LIST at Goldman Sachs. Goldman sees 3 trewnds that can stem recent weakness and take it toward the $43 target. 1) trading reversal on key events, 2) return to margin improvements in the second half of the year, 3) valuations screens make the stock look cheap. Goldman Sachs sees 45% upside in SBUX at this point.
McDonalds (MCD) was Removed from the CONVICTION BUY LIST and replaced with Starbucks. Goldman sees more upside in SBUX at this point and better valuations.
Jon C. Ogg
March 16, 2007
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