Goldman Sachs expects China headaches for Starbucks

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

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.

Subscribe for full text news in your inbox