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0.000302343159485956 0.000907029478458084 -0.000907029478458084 0.00163869992441426 0.00272108843537404 0.0138926681783824 0.018745275888133 0.0247921390778534
Stock impact report

Sell Starbucks? Not So Fast [TheStreet.com]

Starbucks Corporation (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Company Research Source: TheStreet.com
Starbucks(SBUXGet ReportThe S&P 500 rose almost 5% on optimism over the coronavirus pandemic showing some form of leveling off. One would have likely assumed that the rally in Starbucks would at least be in-line with the broader market, if not outperforming it.However, a downgrade from J.P. Morgan has soured the mood to an extent. After downgrading Starbucks to neutral from outperform, the analysts assigned a Wall Street-low price target of $55.From current levels, the target implies a little more than 15% downside. The sentiment is rational, as Starbucks had to temporarilyclose many of its locationsBusiness will surely be impacted, but to the point where investors should sell their stock? Not necessarily. Based onvideos like thisLet’s look at the charts.Starbucks is a holding in Jim Cramer's member club. Want to be alerted before Jim Cramer buys or sells SBUX?Learn more now.Trading Starbucks StockWeekly chart of Starbucks stock.Chart courtesy of Stockcharts.comI like the long-term st Show less Read more
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