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00:02Starbucks shares slipped after T.D. Cowan analyst Andrew M.
00:06Charles maintained a hold rating and an $84 price target,
00:10noting that the company's reset remains uneven even as sentiment has improved.
00:15He finds that labor, margin dynamics, and 2026 earnings pressures
00:19complicate the street's outlook and cast doubt on the strength of Starbucks' recovery.
00:24Charles takes a cautious view, citing uneven progress and higher North America operating
00:29expenses that drive his 2026 to 2027 EPS forecasts about 5% below consensus.
00:36Starbucks traded at $85.14, down 2.26% on Monday, according to Benzinga Prodata.
00:43For all things money, visit Benzinga.com.
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