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Why Starbucks' Stock Is Rising Today

TheMotleyFool

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Shares of coffee giant Starbucks (NASDAQ: SBUX) were moving up on Wednesday, after an analyst raised his price target for the stock ahead of next week's earnings report.

As of 2 p.m. EDT today, Starbucks' shares were up about 5.7% from Tuesday's closing price.

In a note on Wednesday morning, MKM Partners analyst Brett Levy raised his price target for Starbucks' stock to $70 from $60, while maintaining a neutral rating on the stock.

Source Fool.com

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