Bernstein lowered the firm’s price target on Starbucks (SBUX) to $90 from $105 and keeps an Outperform rating on the shares following quarterly results. The firm notes that the turnaround will take longer, but signs of progress are there.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- Starbucks price target lowered to $79 from $83 at Guggenheim
- Starbucks (SBUX) Rolls Out “Coffeehouse Uplift” Plan for Cost-Effective Upgrades
- Starbucks Earnings Call: Mixed Results and Strategic Shifts
- Starbucks Stock (SBUX) Stumbles as Slower Recovery Forces Downgrades
- Nvidia initiated, Starbucks downgraded: Wall Street’s top analyst calls
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue