Piper Sandler Maintains Neutral on Starbucks, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brian Mullan has maintained a Neutral rating on Starbucks (NASDAQ:SBUX) but has reduced the price target from $107 to $100.
January 19, 2024 | 4:19 pm
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Starbucks' price target has been lowered from $107 to $100 by Piper Sandler, although the Neutral rating is maintained.
A lowered price target can often lead to a negative perception among investors, potentially causing short-term stock price decline. However, since the rating remains Neutral, the impact may be somewhat mitigated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100