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Benzinga
Benzinga
Business
Priya Nigam

Why JPMorgan Upgrades Starbucks After Stock Underperformance

Starbucks JPMorgan SBUX Starbucks Corporation

Starbucks Corporation’s (NASDAQ:SBUX) stock has "underperformed our low expectations” since December 2021, which includes the announcement of the company’s fiscal first-quarter earnings in February, according to JPMorgan.

The Starbucks Analyst: John Ivankoe upgraded the rating for Starbucks from Neutral to Overweight, while keeping the price target unchanged at $101.

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