Starbucks puts spotlight on China as U.S. growth cools

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Starbucks (SBUX) PT Lowered to $64 at BMO Capital on 3Q Report; 'Softer Global Comps & Weaker Operating Margins'

July 28, 2017 9:11 AM EDT

BMO Capital lowered its price target on Starbucks (NASDAQ: SBUX) to $64.00 (from $67.00) while maintaining a Outperform rating, following the company's third quarter earnings announcement.

Analyst Andrew Strelzik notes the company delivered third quarter earnings per share in-line estimates, while revenues were below... More