Starbucks has ripped higher this year. TD Cowen sees more room to run

Starbucks' strategy shift will drive the stock even higher from where it trades now, according to TD Cowen. The research firm upgraded the coffee chain to buy from hold. It also hiked its price target on shares to $120 from $106, implying 13% upside from Wednesday's close. "Starbucks has numerous tangible drivers to deliver positive sales revisions in a strong category backdrop," analyst Andrew Charles said Thursday in a note to clients. …