Starbucks cuts annual sales forecast as demand cools in key US, China markets
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Starbucks (SBUX) PT Lowered to $85 at UBS
May 1, 2024 5:46 AM EDTUBS analyst Dennis Geiger lowered the price target on Starbucks (NASDAQ: SBUX) to $85.00 (from $95.00) while maintaining a Neutral rating.
The analyst comments "Pressured F2Q results included depressed global sss and margin & earnings downside, while SBUX highlighted strategic plans to support an improved sales... More
Starbucks (SBUX) PT Lowered to $100 at BTIG
May 1, 2024 5:43 AM EDTBTIG analyst Peter Saleh lowered the price target on Starbucks (NASDAQ: SBUX) to $100.00 (from $115.00) while maintaining a Buy rating.
The analyst comments "Starbucks posted the weakest quarter in recent history with traffic plummeting as the occasional, more value-oriented customer retreated.... More
Starbucks (SBUX) PT Lowered to $92 at Evercore ISI
May 1, 2024 4:59 AM EDTEvercore ISI analyst David Palmer lowered the price target on Starbucks (NASDAQ: SBUX) to $92.00 (from $120.00) while maintaining a Outperform rating.
The analyst comments "Significantly reducing our SSS and EPS estimates... Following F2Q earnings, we are cutting our FY24e EPS from $4.02 to $3.59... More
