Analysis: Rising coffee prices pose little short-term risk to Starbucks

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX) has almost no short-term risk to higher coffee prices, notes Piper Jaffray.

The company has its wholesale pricing locked in right up to Q1 of 2015.

Piper sees more upside for Starbucks. Shares are rated Overweight and tagged with a $90 price target.