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Starbucks faces near-term pressure, but analysts say long-term prospects will get help from billion-dollar worker investment

·1 min read
Starbucks faces near-term pressure, but analysts say long-term prospects will get help from billion-dollar worker investment
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  • SBUX
  • ^GSPC

Starbucks Corp. was upgraded to buy from neutral at MKM Partners on Tuesday, with analysts expressing optimism about the coffee purveyor's long-term prospects even if the near-term is under pressure. MKM moved its 12-month price target to $130 from $114. "Despite an operating model facing near-term pressures related to internal decisions and macro-related factors, and the understanding that a straight-line recovery is unlikely, we are choosing to look past these short-term hurdles," Brett Levy w