Starbucks: Nomura Sees Stock Up 21% to $70

Starbucks ( SBUX ) has been investing heavily in new food offerings and technology. And it’s paying off, at least in how sell-side analysts view the stock. Nomura analyst Mark Kallnowski initiated coverage as a buy with a $70 target price, arguing that the company's digital initiatives like mobile ordering would help sustain same-store sales momentum. READ MORE>>