UBS Maintains Neutral on Starbucks, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Dennis Geiger maintains a Neutral rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $95 to $85.

May 01, 2024 | 5:39 pm
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UBS maintains a Neutral rating on Starbucks and lowers the price target from $95 to $85.
The reduction in price target by UBS reflects a more cautious outlook on Starbucks' stock, potentially due to expected challenges or slower growth. This adjustment could lead to short-term negative sentiment among investors, influencing the stock's price to trend downwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100