Starbucks price target lowered to $94 from $100 at Jefferies

Jefferies lowered the firm’s price target on Starbucks (SBUX) to $94 from $100 and keeps a Hold rating on the shares. For companies reporting Q1 earnings through the week of April 29, recent industry data has remained “somewhat choppy,” the analyst tells investors. In a preview for the U.S. restaurant group, the analyst added that the firm sees opportunity for “modest upside” at Bloomin’ Brands (BLMN), BJ’s Restaurants (BJRI), Domino’s Pizza (DPZ) and McDonald’s (MCD), while calling out Starbucks, where the firm sees risk relative to Street expectations.