Shares of Starbucks (NASDAQ: SBUX) fell 4.5% Tuesday, and continued their slide today, after Wedbush analyst Nick Setyan downgraded the stock from a Buy to a Hold and lowered the price target from $105 to $91, implying an upside potential of 9.7%. Setyan's price target is the lowest price target on the Street. The analyst reasoned that while the stock's current valuation takes into account the risks lying ahead, he sees "no catalysts for the foreseeable future." Let us look at why Setyan thinks so. The stock has not fared well recently.
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Starbucks (NASDAQ:SBUX)
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Starbucks (NASDAQ:SBUX)
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