Goldman Sachs backs Starbucks with 'conviction'

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

Goldman Sachs keeps Starbucks (SBUX -0.7%) on its Conviction Buy List on its view that earning growth will turn the company into a $100B market cap flyer in three years.

A combination of coffee deflation and fixed cost leverage could help the company achieve whopping margin expansion of 400 bps - 500 bps, says Goldman.