Wells Fargo Maintains Overweight on Starbucks, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Overweight rating on Starbucks (NASDAQ:SBUX) but has lowered the price target from $105 to $90.
May 01, 2024 | 5:56 pm
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Wells Fargo maintains an Overweight rating on Starbucks but lowers the price target from $105 to $90.
The reduction in the price target by Wells Fargo, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors, potentially impacting Starbucks' stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100