Evercore ISI Group Downgrades Starbucks to In-Line, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded Starbucks (NASDAQ:SBUX) from Outperform to In-Line and lowered its price target from $92 to $80.

July 16, 2024 | 11:19 am
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Evercore ISI Group has downgraded Starbucks from Outperform to In-Line and reduced the price target from $92 to $80, indicating a less optimistic outlook for the company's stock.
The downgrade from Outperform to In-Line by a reputable analyst group like Evercore ISI suggests a less favorable view of Starbucks' near-term performance. The lowered price target from $92 to $80 further indicates reduced expectations for the stock's upside potential, likely leading to short-term selling pressure.
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IMPORTANCE 80
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