JP Morgan Maintains Overweight on Starbucks, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Overweight rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $100 to $92.
May 01, 2024 | 7:32 pm
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JP Morgan maintains an Overweight rating on Starbucks but lowers the price target from $100 to $92.
The reduction in the price target by JP Morgan, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Starbucks' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100