Jefferies crunches the numbers on Starbucks (SBUX) after factoring in lower coffee prices for...

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

Jefferies crunches the numbers on Starbucks (SBUX) after factoring in lower coffee prices for 2013. FY12 EPS moves up a penny to $1.85, while FY13 goes to $2.35 from $2.25. As a result of the outlook on profit, the firm raises its price target on SBUX to $62 from $53. Shares +0.6% premarket.