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Starbucks Can Push Back Against Luckin Coffee In China, Analyst Says

From: barrons.com

Competition in the Chinese coffee market will challenge Starbucks , but the Seattle giant can still rely on that market to help drive growth because of its differentiated model, according to new research.

Starbucks stock (SBUX), up 18% in 2019 through last week’s close at $76.15, has generally risen all year, outperforming the S&P 500. That’s happened with investors monitoring the company closely on two primary fronts: the domestic market, which management hopes to strengthen, and China, from which most of Starbucks’ growth is likely to come.

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