TD Cowen raises Starbucks to Buy with a $120 target, citing sales drivers, while BTIG cuts Doximity to Neutral post-earnings.
Wall Street analysts adjusted ratings on several major stocks, with Starbucks (SBUX) receiving a notable upgrade. TD Cowen lifted its rating to Buy from Hold and raised the price target to $120 from $106, highlighting “numerous tangible drivers” for positive sales revisions amid a strong category outlook.
Other upgrades included Cheesecake Factory (CAKE) to Neutral from Underweight with a $68 target, Assurant (AIZ) to Overweight with a $285 target, Toyota (TM) to Buy with a $230 target, and Staar Surgical (STAA) to Outperform with a $40 target. Meanwhile, BTIG downgraded Doximity (DOCS) to Neutral from Buy following its earnings report, without providing a new price target.