Starbucks (NASDAQ:SBUX) is lower in early trading after Goldman Sachs pulls its Buy rating.
The firm expects Starbucks to feel pressure in China and warns on a potential Apple-type warning on sales growth expectations for the region.
GS settles in with a Neutral rating on Starbucks and price target of $68.
SBUX -2.71% premarket to $62.45 vs. a 52-week trading range of $47.37 to $68.98.
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