![]() (Howard Schultz is currently running the show on an interim basis though the first quarter of 2023.) The Club take: We continue to like the stock and if the opportunity arises may look to initiate the name ahead of the company's Investor Day event in September. In their view, the event could prove a positive catalyst should management name a new CEO and provide an update on the their longer-term operating margin target. Starbucks The news: Analysts at Cowen raised their price target on shares to $104 from $94 on Thursday, ahead of the company's investor meeting on Sept. The current makeup of the portfolio may also delay an initiation in order to keep it diversified. Before initiating a position, we are typically waiting for either certain events to unfold - both company-specific and macro-oriented - or a more attractive entry point. ![]() More importantly, there's no guarantee when, or if, we'll initiate a purchase we're analyzing and looking for opportunities to buy these stocks. These are companies we view as high quality and will monitor outside the current portfolio. Before we run through what happened and our updates on these stocks, a quick reminder that the Bullpen is a collection of stocks identified by the Club team as having the potential to join Jim's Charitable Trust, whose holdings serve as our portfolio. But some companies from other sectors managed to get some attention, including three currently sitting in our Bullpen: Starbucks (SBUX), Estee Lauder (EL) and Palo Alto Networks (PANW). Retail earnings and meme stocks - hello Bed Bath & Beyond - dominated much of the market coverage this week. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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