Barclays Maintains Overweight on Starbucks, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on Starbucks (NASDAQ:SBUX) but lowered the price target from $127 to $123.
August 04, 2023 | 10:52 am
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Starbucks' price target has been lowered by Barclays from $127 to $123, though the Overweight rating is maintained.
The news is directly about Starbucks and its rating by Barclays. The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintained Overweight rating suggests that Barclays still sees the stock as a good investment. This could have a neutral impact on the stock's price in the short term.
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IMPORTANCE 80
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