Janney Capital Downgrades Starbucks To Neutral, Shares Slip

Analysts at Janney Capital downgraded

from Buy to Neutral. The price target for Starbucks has been lowered from $90 to $85. Starbucks shares have surged 6.92% over the past 52 weeks, while the S&P 500 index has gained 12.67% in the same period. Starbucks' shares fell 1.01% to $80.60 in pre-market trading.