Oppenheimer analyst Brian Bittner lowered the firm's price target on Starbucks to $95 from $105 and reiterated an Outperform rating on the shares. The analyst's updated analysis for coronavirus highlights 12c-16c of potential EPS downside in 2020 versus Street's current $3.00 estimate. This incorporates the pandemic's estimated international impact; any major disruption domestically would represent incremental downside, he notes. While Bittner reduced his 2020 EPS 6% below Street, he would take advantage of the stock's 12% pullback as he expects any near-term earnings reset to be tolerable and temporary to 2020, and given underlying sales/margin themes that are "powerful" and attract him to the stock's upside once virus fears fade.