Avery Schumer
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Avery Schumer in Insider trading,

Goldman Is Buying Starbucks Stock

Starbucks Corporation  shares have appreciated 55.79 percent year-to-date, reaching a high of $63.51 on October 28.

Goldman Sachs' Karen Holthouse has maintained a Buy rating on the company, while raising the price target from $65 to $69.

Although the company has a good asset base, brand and IT infrastructure, to be able to take advantage of the opportunities they present, Holthouse believes that Starbucks would need to compromise on near-term profits.