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Fly News Breaks for June 20, 2018
SBUX
Jun 20, 2018 | 05:43 EDT
Mizuho analyst Jeremy Scott lowered his price target for Starbucks to $56 from $60 and keeps a Neutral rating on the shares following last night's guidance reduction. While the quarter suffered from a number of one-time items and disruptions, the Street's confidence in sales execution has withered, Scott tells investors in a research note.
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