Citi lowered the firm’s price target on Starbucks (SBUX) to $84 from $88 and keeps a Neutral rating on the shares following last night’s earnings report. While Starbucks expressed confidence in the brand’s long term potential, its portfolio review means unit growth could slow further in the near term, the analyst tells investors in a research note. The firm adds that was was no updates to its strategic decisions around the China business.
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