BMO Capital Maintains Outperform on Starbucks, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained an Outperform rating on Starbucks (NASDAQ:SBUX) but has reduced the price target from $125 to $120.

January 31, 2024 | 5:48 pm
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Starbucks' Outperform rating is maintained by BMO Capital, though the price target is lowered from $125 to $120.
The reduction in price target by BMO Capital could have a neutral to slightly negative short-term impact on Starbucks' stock price as it suggests a lower expected future price, albeit still maintaining an Outperform rating. The adjustment in the price target might reflect new data or market conditions that could slightly temper investor expectations.
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