Citigroup Maintains Neutral on Starbucks, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower maintains a Neutral rating on Starbucks (NASDAQ:SBUX) but lowers the price target from $85 to $80.

July 22, 2024 | 4:25 pm
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Citigroup analyst Jon Tower maintains a Neutral rating on Starbucks but lowers the price target from $85 to $80.
The Neutral rating suggests that Citigroup does not expect significant short-term movement in Starbucks' stock price. However, the lowered price target indicates a slightly more cautious outlook, which could lead to minor negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100