Profit potential at Starbucks impresses UBS

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

UBS raises profit estimates on Starbucks (SBUX +2%) for FY14 ($2.67 from $2.65) and FY15 ($3.16 from $3.11).

New initiatives, product roll-outs, and global growth channels all look set to deliver as promised, reasons the investment firm.

UBS on SBUX: "Starbucks remains among the best positioned restaurant names over the medium to long-term, with several enablers supporting a +10% top line, +15- 20% EPS growth."