- The shares of Starbucks Corporation (NASDAQ: SBUX) have received a $91 price target from Citi. These are the details.
The shares of Starbucks Corporation (NASDAQ: SBUX) have received a $91 price target from Citi. And Citi analyst Jon Tower adjusted the rating from “Buy” to “Neutral.”
Tower noted that in addition to broader inflation risks, management changes and unionization pushes could be tied to additional partner investments and new ESG initiatives present more unknowns for forward-looking estimates. And Omicron and China lockdowns are likely to limit near-term positive surprises for Starbucks and it feels appropriate for shares to be trading near lows relative to the S&P 500.
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