Starbucks CFO Maw to retire, shares tumble

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Go back to Starbucks CFO Maw to retire, shares tumble

Starbucks (SBUX) PT Lowered to $56 at BofA/Merrill Lynch

June 29, 2018 7:34 AM EDT

BofA/Merrill Lynch lowered its price target on Starbucks (NASDAQ: SBUX) to $56.00 (from $64.00) while maintaining a Buy rating following the company's announcement that CFO Scott Maw will step down in November after serving in the role since February 2014.

The company is actively... More