Starbucks: Wells Fargo initiates coverage as a buyer

(CercleFinance.com) - In its comments on the US restaurant sector, "starting with the large caps," Wells Fargo has an "overweight" recommendation on Starbucks, with a target price of 120 dollars.


"Our SBUX ests are above-Street through '25 behind return to office gains domestically, a NT China recovery," the broker said about the coffee chain.


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