TD Cowen Downgrades Starbucks to Market Perform, Lowers Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Agnes Lim has downgraded Starbucks (NASDAQ:SBUX) from Outperform to Market Perform and lowered the price target from $117 to $107.
September 19, 2023 | 9:34 am
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Starbucks has been downgraded by TD Cowen and its price target has been lowered, which could negatively impact its stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Outperform to Market Perform and the lowering of the price target from $117 to $107 by TD Cowen could lead to a decrease in investor confidence in Starbucks, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100