Morgan Stanley Maintains Equal-Weight on Starbucks, Lowers Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has maintained an Equal-Weight rating on Starbucks (NASDAQ:SBUX) and lowered the price target from $104 to $102.
October 11, 2023 | 2:55 pm
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NEGATIVE IMPACT
Starbucks' price target has been lowered from $104 to $102 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Starbucks' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100