TD Cowen Maintains Hold on Starbucks, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles maintains a Hold rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $100 to $85.
May 01, 2024 | 10:08 am
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TD Cowen maintains a Hold rating on Starbucks and lowers the price target from $100 to $85.
The reduction in price target by TD Cowen suggests a bearish outlook on Starbucks' short-term price potential, likely due to anticipated challenges or underperformance relative to market expectations. This adjustment could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100