Guggenheim lowered the firm’s price target on Starbucks (SBUX) to $79 from $83 and keeps a Neutral rating on the shares. Following fiscal Q2 earnings, the firm is trimming its 2025 and 2026 EPS forecasts to $2.36 and $2.65 from $2.80 and $3.10, respectively, but lowers its price target “less severely” as the cuts are more margin than sales driven, the analyst tells investors.
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