Starbucks Stock Hits 52-Week High on Earnings Beat

Starbucks Corp (NASDAQ:SBUX) is surging today, up 5.3% at $105.70 at last glance, despite same-store sales falling for the fourth consecutive quarter with a 4% drop. The company's fiscal first-quarter earnings of 69 cents beat estimates of 66 cents per share, while revenue came in better than expected as well. In response, a slew of analysts lifted their price targets on SBUX, including UBS to $105 from $98. Today's pop has Starbucks stock trading at 52-week highs as it eyes its largest single-day percentag ...