Jefferies Upgrades Starbucks (SBUX) to Buy, Raises Target to $25
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Shares of Starbucks (Nasdaq: SBUX) are moving higher in the pre-market session as we have an early morning analyst upgrade. After closing last week's trading session at $21.41, the stock is now up 2.5% to $21.95.
The Jefferies analyst upgraded the stock from Hold to Buy, also lifting his price target from $22 to $25. Given the move higher this morning, the firm's new price target represents potential upside of nearly 14%.
Visit our Analyst Ratings page to see all the market-moving upgrades/downgrades on shares of Starbucks.
Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide.
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