HSBC Maintains Hold on Starbucks, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Meredith Jensen maintains a Hold rating on Starbucks (NASDAQ:SBUX) and lowers the price target from $107 to $84.
May 03, 2024 | 6:32 pm
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HSBC analyst Meredith Jensen maintains a Hold rating on Starbucks and lowers the price target from $107 to $84.
The reduction in price target by HSBC from $107 to $84 suggests a bearish outlook on Starbucks' stock in the short term. This adjustment reflects analyst Meredith Jensen's assessment of Starbucks' future performance, potentially due to anticipated challenges or slower growth. Investors may view this as a negative signal, leading to a possible decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100