Barclays lowered the firm’s price target on Starbucks to $93 from $95 and keeps an Overweight rating on the shares. The company’s fiscal Q3 was in-line with the Street, excluding a China comp miss, and all fiscal 2024 guidance metrics were reiterated, the analyst tells investors in a research note. The firm is “intrigued” that management is seeing “green shoots” in the U.S.
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