Starbucks stock analysis (SBUX)

Bernstein upgraded SBUX to an outperform buy rating from $92 to $115 per share, citing potential earning power that isn’t fully appreciated yet. SBUX also benefited from China’s fiscal stimulus commitment. 

Significant factors are: 1) SBUX was downgraded by world’s leading full-service investment banking and capital markets firm Jefferies from hold to underperform, PT is lowered to $76. 2) new CEO Brian Hiccol’s new execution may take time to be implemented. 3)Forecasting new quarterly maybe challenging