Starbucks shares are trading lower after TD Cowen downgraded the stock from Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Starbucks shares are trading lower following a downgrade from TD Cowen, which changed its rating from Outperform to Market Perform.
September 19, 2023 | 1:57 pm
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Starbucks' stock is trading lower after TD Cowen downgraded the company's rating from Outperform to Market Perform.
TD Cowen's downgrade of Starbucks' stock from Outperform to Market Perform is a significant factor affecting the company's stock price. This downgrade indicates a less optimistic outlook for the company's performance, which can lead to selling pressure and a decrease in the stock price.
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IMPORTANCE 80
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