Bernstein Upgrades Starbucks to Outperform, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Danilo Gargiulo has upgraded Starbucks (NASDAQ:SBUX) from Market Perform to Outperform and increased the price target from $92 to $115.
September 26, 2024 | 9:56 am
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POSITIVE IMPACT
Bernstein analyst Danilo Gargiulo upgraded Starbucks from Market Perform to Outperform, raising the price target from $92 to $115, indicating a positive outlook on the stock.
The upgrade from Market Perform to Outperform by a reputable analyst like Bernstein suggests increased confidence in Starbucks' future performance. The raised price target to $115 indicates potential upside, likely leading to positive investor sentiment and a short-term stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100