BMO Capital Maintains Outperform on Starbucks, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik maintains an Outperform rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $120 to $100.
July 22, 2024 | 1:57 pm
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NEUTRAL IMPACT
BMO Capital analyst Andrew Strelzik maintains an Outperform rating on Starbucks but lowers the price target from $120 to $100.
The Outperform rating suggests continued confidence in Starbucks' performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100