Starbucks price target lowered to $90 from $92 at JPMorgan

JPMorgan lowered the firm’s price target on Starbucks to $90 from $92 and keeps an Overweight rating on the shares following a European tour of quick service restaurant markets. The analyst is “perplexed” by the U.S operations of Starbucks that it says “fall much short” of its European offerings, but sees opportunity for improvement.