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Starbucks price target lowered to $100 from $107 at Jefferies

Jefferies lowered the firm’s price target on Starbucks to $100 from $107 and keeps a Hold rating on the shares. Valuations in quick service restaurants, or QSR, are down about 10% since July on average, notes the analyst, who sees tougher same-store comparisons ahead and valuations “leaving little room for disappointment,” the analyst tells investors in a Q3 limited service restaurant preview.

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