Wedbush Maintains Neutral on Starbucks, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains a Neutral rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $92 to $81.

May 01, 2024 | 10:43 am
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Wedbush analyst Nick Setyan maintains a Neutral rating on Starbucks and lowers the price target from $92 to $81.
The reduction in price target by Wedbush from $92 to $81, while maintaining a Neutral rating, suggests a cautious outlook on Starbucks' stock performance in the short term. This adjustment reflects analyst expectations of potential challenges or limited upside for the stock, likely influencing investor sentiment and possibly leading to a decrease in stock price.
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IMPORTANCE 80
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