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SBUX has underperformed the broader market over the past 52 weeks.
Starbucks shares rose 1.7% after Iran announced plans to reopen the Strait of Hormuz.
KEY POINTS
- Recent declines in oil prices could lower Starbucks' delivery and supply chain costs.
- Starbucks' analyst consensus has become slightly less bullish compared to two months ago.
- Bank of America raised its Starbucks price target to $130, the highest on Wall Street.
COMPANIES
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