Summary: BofA Securities analyst reiterated a Buy rating on Starbucks Corp due to social media calls to boycott the company over tensions in the Middle-East, while rejecting management's other explanations for sales growth collapse. The analyst sees ample opportunity to increase purchase frequency among the remaining customer base and is optimistic about the expansion of marketing channels.
Full articleSummary: BofA Securities analyst Sara Senatore reiterated a Buy rating on Starbucks Corp (SBUX) shares, attributing the sales growth collapse to social media calls for boycott over Middle-East tensions. The analyst highlighted the potential for increasing purchase frequency among the remaining customer base.
Full articleSummary: Disney and Papa John's will be reporting their latest quarterly financial results while the University of Michigan will release its preliminary May consumer sentiment index.
Full articleSummary: Tesla shares fell 4% after issuing price cuts, Cisco Systems was given a neutral rating by JPMorgan analysts, Verizon shares dropped 3% despite an earnings beat, Prologis was downgraded to hold by BMO Capital Markets while Papa John's saw a 1.5% rise after an upgrade.
Full articleSummary: Wall Street research calls include upgrades for PPG, Sea Limited, Ingevity, Alcoa, and Papa John's, while downgrades were issued for Cisco, Western Digital, Prologis, and PPG Industries.
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