Starbucks surges as activist Elliott takes sizeable stake, WSJ Says

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BTIG Reiterates Buy Rating on Starbucks (SBUX)

July 22, 2024 6:14 AM EDT

BTIG analyst Peter Saleh reiterated a Buy rating and $100.00 price target on Starbucks (NASDAQ: SBUX).

The analyst comments "Late Friday, published reports indicated an activist investor took a "sizable stake" in Starbucks. We believe the activist could push for slower investment or... More