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TD Cowen has upgraded Starbucks SBUX to a Buy rating, raising its price target to $120. Analyst Andrew Charles highlighted CEO Brian Niccol’s "Back to Starbucks" plan, which focuses on operational efficiency and a more personalized customer experience. The company is targeting $800 million in cost cuts by the end of 2027 and aims for $4.00 in annual earnings per share. While Seeking Alpha currently maintains a neutral Quant Rating during this early turnaround phase, the firm’s successful Q2 results suggest the strategic reset is already yielding tangible results.
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