Starbucks: Jefferies raises target price

(CercleFinance.com) - An analyst at Jefferies today said that he is raising his target price on the Starbucks stock to 96 dollars, reassured by data regarding the attitude of Chinese consumers to US brands in general, and Starbucks in particular.


"The brand has been fairly insulated from Sino-US trade & tech concerns thus far. User engagement has also remained steady," the broker says.

Jefferies therefore maintains its buy rating on the stock.


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