Deutsche Bank raised Starbucks Corp, from hold to buy, with analysts predicting continued expansion in China. The $127 price target was kept by analysts. Last month, Deutsche Bank began following Starbucks. Analysts predict that over the next three years, Starbucks will return "a low to mid-teens % of its stock market cap" in dividends and share buybacks. Chief Executive Kevin Johnson stated on the business's third-quarter earnings call that the company had expanded to over 5,100 locations in China and that sales had increased by 45 % year over year.

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According to a FactSet transcript, Johnson stated: "These are still early days." The stock of Starbucks has increased by 4% so far this year, whereas the stock of McDonald's has increased by 5%. According to a FactSet transcript, Johnson stated, "These are still early days." Starbucks stock is up 4% year to date, while the S&P 500 index SPX, 0.52% has up roughly 17% over the same period.