Citigroup Maintains Neutral on Starbucks, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Neutral rating on Starbucks (NASDAQ:SBUX) and lowered the price target from $112 to $104.
September 25, 2023 | 3:13 pm
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Starbucks' price target has been lowered from $112 to $104 by Citigroup, while maintaining a Neutral rating.
The lowering of the price target by Citigroup could potentially create a negative sentiment among investors, which might impact the stock price. However, the maintained Neutral rating indicates that the overall outlook for the company remains stable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100