Citigroup Maintains Neutral on Starbucks, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower maintains a Neutral rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $95 to $85.
May 01, 2024 | 6:33 pm
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Citigroup maintains a Neutral rating on Starbucks and lowers the price target from $95 to $85.
The reduction in price target by Citigroup reflects a negative outlook on Starbucks' stock price in the short term. A lower price target often leads to a negative perception among investors, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100