Starbucks Shares Slip After Goldman Downgrade

Date : 01/11/2019 @ 3:24PM
Source : Dow Jones News
Stock : Starbucks Corp. (SBUX)
Quote : 78.91  0.01 (0.01%) @ 1:00AM
Starbucks Corp. share price Chart

Starbucks Shares Slip After Goldman Downgrade

Starbucks Corp. (NASDAQ:SBUX)
Historical Stock Chart

6 Months : From Nov 2018 to May 2019

Click Here for more Starbucks Corp. Charts.
   By Colin Kellaher 

Shares of Starbucks Corp. (SBUX) edged lower in early trading Friday after Goldman Sachs downgraded the stock on concerns about China.

Goldman's analysts, led by Karen Holthouse, said they have "incremental concerns" about China's macro economy and company's same-store-sales trajectory in the region. They noted recent red flags about China raised by Apple Inc. (AAPL) and McDonald's Corp. (MCD).

Goldman also noted that Starbucks shares have risen more than 50% since they were added to the "buy" list in December 2014. The analysts downgraded the stock to "neutral" from "buy" and cut their 12-month price target to $68 from $75.

The analysts said they are "reasonably confident" that digital engagement initiatives by the coffee chain can drive a more stable comp growth trajectory of 3% to 4% over the next few years.

Shares of Starbucks fell 2.4% to $62.63 in early trading Friday.


Write to Colin Kellaher at


(END) Dow Jones Newswires

January 11, 2019 10:09 ET (15:09 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest SBUX Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190519 08:39:57