DZ Bank Downgrades Starbucks to Sell, Announces $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank has downgraded Starbucks from Hold to Sell, setting a price target of $85. This suggests a bearish outlook on Starbucks' stock in the short term.
August 21, 2024 | 3:21 pm
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DZ Bank has downgraded Starbucks from Hold to Sell, with a new price target of $85. This downgrade indicates a negative sentiment towards Starbucks' stock performance in the near future.
The downgrade from Hold to Sell by DZ Bank, along with a lower price target of $85, suggests that the analyst expects Starbucks' stock to underperform. This is likely to lead to a negative impact on the stock price in the short term as investors react to the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100