Starbucks (SBUX) Lowers Price Target, EPS at UBS (Update)

Tickers in this article: SBUX

Update (9:50 a.m.): updated with Friday market open information.

NEW YORK (TheStreet) -- Starbucks  lowered its price target, according to UBS. The company foresees limited share upside given its high expectations. The firm gave Starbucks a "neutral" rating and set the target price at $80.

The stock was up 2% $74.86 shortly after the market opened on Friday.

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Separately, TheStreet Ratings team rates STARBUCKS CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate STARBUCKS CORP (SBUX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."