UPDATE: Wedbush Initiates Coverage on Starbucks on Multiple Growth Drivers

In a report published Thursday, Wedbush analyst Nick Setyan initiated coverage on Starbucks Corporation (NASDAQ: SBUX ) with an Outperform rating and $80.00 price target. In the report, Wedbush noted, “We expect continued Americas and global comp momentum, accelerating Americas and CAP unit growth, and multiple near- and medium-term CPG