Stifel Maintains Hold on Starbucks, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Chris O'Cull maintains a Hold rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $90 to $80.
May 01, 2024 | 1:24 pm
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Stifel maintains a Hold rating on Starbucks and lowers the price target from $90 to $80.
The reduction in price target by Stifel reflects a negative outlook on Starbucks' stock price in the short term. This adjustment could lead to a decrease in investor confidence and potentially lower stock prices as market participants adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100