Wedbush Maintains Neutral on Starbucks, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains a Neutral rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $95 to $92.

April 26, 2024 | 5:04 pm
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Wedbush analyst Nick Setyan maintains a Neutral rating on Starbucks and lowers the price target from $95 to $92.
The adjustment in price target by Wedbush reflects a cautious but not pessimistic view on Starbucks' stock. The reduction from $95 to $92 suggests minor adjustments in valuation expectations without a significant change in the overall outlook. Given the neutral rating is maintained, the impact is likely to be moderate, influencing investor sentiment without drastically changing the stock's trajectory in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100