Wedbush Maintains Neutral on Starbucks, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has maintained a Neutral rating on Starbucks (NASDAQ:SBUX) but has lowered the price target from $100 to $95.
January 18, 2024 | 1:22 pm
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Wedbush analyst Nick Setyan maintains a Neutral rating on Starbucks but reduces the price target from $100 to $95.
The reduction in the price target by Wedbush suggests a less optimistic outlook on Starbucks' stock performance in the short term. This could potentially lead to a negative investor sentiment and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100