TD Cowen Maintains Outperform on Starbucks, Lowers Price Target to $117
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Agnes Lim maintains an Outperform rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $120 to $117.
May 31, 2023 | 3:48 pm
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TD Cowen maintains Outperform rating on Starbucks, lowers price target from $120 to $117.
TD Cowen's lowered price target for Starbucks may cause some short-term uncertainty among investors, but the maintained Outperform rating suggests that the stock is still expected to perform well in the long run. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100