Starbucks Co. (SBUX) Rating Lowered to Hold at Argus

Starbucks Co. (NDAQ:SBUX) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Starbucks (NDAQ:SBUX) opened at 56.11 on Friday. The stock has a market capitalization of $81.77 billion and a PE ratio of 28.77. Starbucks has a 52 week low of $50.84 and a 52 week high of $61.64. The firm has a 50-day moving average price of $56.66 and a 200-day moving average price of $55.66.

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About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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