Starbucks: Brewing Up Something Good?
April 19, 2017 at 15:05 PM EDT
Starbucks ( SBUX ) is set to release earnings on April 27 --and the result could set the coffee purveyor's stock up for some tasty gains. What do I mean? Shares of Starbucks have been range bound for the last five months, with shares bouncing between roughly $54 and $60 during that period. But with earnings coming up, Starbucks has a catalyst to finally break though $60, if the company can deliver the goods. In a note released yesterday, Oppenheimer's Brian Bittner and Michael Tamas contend it will: