Deutsche Bank Upgrades Starbucks to Buy, Raises Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has upgraded Starbucks (NASDAQ:SBUX) from Hold to Buy and raised the price target from $85 to $118.
August 14, 2024 | 10:18 am
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POSITIVE IMPACT
Deutsche Bank has upgraded Starbucks from Hold to Buy and increased the price target from $85 to $118, indicating a positive outlook for the stock.
The upgrade from Hold to Buy and the significant increase in the price target from $85 to $118 by Deutsche Bank suggests strong confidence in Starbucks' future performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100