Starbucks: Brewing Up Something Good?

Starbucks (SBUX) is set to release earnings on April 27–and the result could set the coffee purveyor’s stock up for some tasty gains.

What do I mean? Shares of Starbucks have been range bound for the last five months, with shares bouncing between roughly $54 and $60 during that period. But with earnings coming up, Starbucks has a catalyst to finally break though $60, if the company can deliver the goods.

In a note released yesterday, Oppenheimer’s Brian Bittner and Michael Tamas contend it will:
Source: Barrons

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