Guggenheim Maintains Buy on Starbucks, Lowers Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Gregory Francfort maintains a Buy rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $100 to $91.

April 19, 2024 | 5:55 pm
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Guggenheim maintains a Buy rating on Starbucks but lowers the price target from $100 to $91.
The maintenance of a Buy rating by Guggenheim suggests a positive outlook on Starbucks' fundamentals and growth prospects. However, the reduction in the price target from $100 to $91 could reflect adjustments in valuation metrics, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive and negative reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100