TD Cowen upgraded Starbucks to Buy from Hold with a price target of $120, up from $106. The firm says the company has \"numerous tangible drivers\" to drive positive sales revisions in a \"strong category backdrop.\" Starbucks is prioritizing labor investments and its margins will recover, the analyst tells investors in a research note. After meeting with management, TD is confident the company can deliver sales and earnings upside to justify its above-consensus fiscal 2028 estimates.
