Starbucks (SBUX) October weekly 114 straddle priced for a move of +/- 4% into quarter results

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Starbucks (SBUX) PT Lowered to $117 at Morgan Stanley

October 29, 2021 8:44 AM EDT

Morgan Stanley analyst John Glass lowered the price target on Starbucks (NASDAQ: SBUX) to $117.00 (from $124.00) while maintaining a Equalweight rating.

The analyst commented, "SBUX is well known for investing ahead of the curve, but this round, which materially resets near term margin/EPS... More