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Brewing Caution: Jefferies Warms Up To Starbucks With Tepid Upgrade
Summary
Jefferies upgrades Starbucks to Hold with a $76 price target, citing a more reasonable valuation and ongoing turnaround efforts. Analyst Andy Barish highlights cultural challenges and slower earnings recovery, with upcoming quarters expected to offer clearer direction.
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Read Full ArticleArticle published on April 10, 2025 by benzinga