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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.