Starbucks (SBUX -0.1%) shares can still rise another 15% even after hitting 52-week highs, UBS...

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

Starbucks (SBUX -0.1%) shares can still rise another 15% even after hitting 52-week highs, UBS says in raising its target price to $61, citing three main positive trends: growing sales with its push into the single-serve market, lower coffee prices and improving margins in Europe. The firm keeps its Buy rating, seeing EPS rising 24% and 28% in FY 2012 and 2013, respectively.