Starbucks Stock Downgraded to Market Perform 
<p>TD Cowen analysts downgraded <a href='https://financialmodelingprep.com/financial-summary/SBUX'>Starbucks (NYSE:SBUX)</a> from Outperform to Market Perform, with a reduced price target of $107 per share. This move resulted in more than a 1% decline in Starbucks' stock price pre-market today. </p>
<p>The downgrade is primarily driven by concerns about economic and competitive pressures in China affecting the company's same-store sales. The analysts believe that while consensus earnings estimates for 2023-2025 remain attainable, Starbucks' current valuation doesn't adequately account for these challenges, and they anticipate the stock will experience limited growth in the near term.</p>

NYSE:SBUX