Why Starbucks Stock Popped Wednesday Morning
Shares of Starbucks (NASDAQ: SBUX) climbed on Wednesday, surging as much as 6.4%. As of 10:50 a.m. ET today, the stock was still up 5.9%.
At the company's investor day on Tuesday, it offered a surprisingly strong forecast for what it can achieve over the coming several years. As a result, a number of Wall Street's finest are more bullish on the coffee chain, resulting in an upgrade and multiple price target increases.
Starbucks hosted its biennial investor day yesterday, unveiling its road map for the near future, and the company's three-year forecast was decidedly bullish.
Source Fool.com
