Morgan Stanley Upgrades Starbucks to Overweight, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has upgraded Starbucks (NASDAQ:SBUX) from Equal-Weight to Overweight and increased the price target from $112 to $120.
January 16, 2024 | 11:19 am
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Starbucks has been upgraded by Morgan Stanley from Equal-Weight to Overweight with a raised price target from $112 to $120.
Upgrades by major analysts like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation in the short term. The raised price target suggests a positive outlook on the company's future performance.
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