Is Starbucks (SBUX +1.3%) immune to consumer spending worries? Bank of America is out with a...

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

Is Starbucks (SBUX +1.3%) immune to consumer spending worries? Bank of America is out with a positive note on the resilient food company pointing to channel checks which show strong sales momentum running nicely right along with the declining coffee input costs it's seeing. The firm has a $65 price target on shares.