Jefferies Downgrades Starbucks to Underperform, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Andy Barish has downgraded Starbucks from Hold to Underperform and reduced the price target from $80 to $76.
September 24, 2024 | 1:08 pm
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Jefferies analyst Andy Barish downgraded Starbucks from Hold to Underperform, reducing the price target from $80 to $76. This suggests a bearish outlook on Starbucks' stock performance.
The downgrade from Hold to Underperform by Jefferies indicates a negative sentiment towards Starbucks' stock, suggesting potential underperformance. The lowered price target from $80 to $76 further supports this bearish outlook.
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