Evercore ISI Group Maintains Outperform on Starbucks, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Palmer maintains an Outperform rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $120 to $92.
May 01, 2024 | 3:06 pm
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Evercore ISI Group maintains an Outperform rating on Starbucks but lowers the price target from $120 to $92.
The reduction in the price target by Evercore ISI Group, despite maintaining an Outperform rating, could lead to short-term negative sentiment among investors, potentially impacting Starbucks' stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100