Barclays Maintains Overweight on Starbucks, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on Starbucks (NASDAQ:SBUX) but reduced the price target from $116 to $112.

January 31, 2024 | 11:08 am
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Barclays has maintained its Overweight rating on Starbucks but lowered the price target from $116 to $112.
While the reduction in price target could suggest a slightly less optimistic view on the stock's value, maintaining an Overweight rating indicates that Barclays still sees Starbucks as a good investment relative to the market or sector. The impact on the stock price is likely to be neutral in the short term as the positive sentiment of the Overweight rating is balanced by the lower price target.
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