BTIG Maintains Buy on Starbucks, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Peter Saleh maintains a Buy rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $115 to $100.

May 01, 2024 | 11:54 am
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Starbucks' Buy rating is maintained by BTIG, though the price target is reduced from $115 to $100.
The maintenance of a Buy rating by BTIG indicates a positive outlook on Starbucks' fundamentals and growth prospects. However, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or expectations for future earnings. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. The overall impact is considered neutral in the short term as the positive sentiment from the maintained Buy rating could offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100