B of A Securities Maintains Buy on Starbucks, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its 'Buy' rating on Starbucks but slightly lowered the price target from $118 to $117.
October 22, 2024 | 6:00 pm
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NEUTRAL IMPACT
B of A Securities has maintained its 'Buy' rating on Starbucks, indicating continued confidence in the company's performance. However, the price target has been slightly reduced from $118 to $117, suggesting a minor adjustment in expected valuation.
The maintenance of a 'Buy' rating suggests positive sentiment towards Starbucks' future performance. The slight reduction in the price target from $118 to $117 indicates a minor adjustment in expectations, which is not significant enough to suggest a major change in outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100