RW Baird upgraded its rating on shares of Starbucks Corp. (SBUX) Thursday morning to "Outperform" from "Neutral."
Starbucks gapped up Thursday and climbed during the second half of the morning. The stock advanced further in the early afternoon and closed up by 2.91 at $53.70 on strong volume. Starbucks broke out of a 1-month range and set a 4 1/2 month high.
by RTT Staff Writer
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