Starbucks' weak performance outlook pushed down its share price
A group of analysts cut their share price target for Starbucks, a famous US coffee chain operator, on Friday, mainly because of the company's weak performance outlook, which sent Starbucks shares down nearly 11 per cent in intraday trading on Friday.
According to a recent survey by analysts at research firm FaceSet, market analysts' average expectations for Starbucks' target share price fell 7 per cent to $60.26 a share. For fiscal year 2013, analysts now expect Starbucks to earn an average of $2.17 a share.
Brokerage Baird downgraded Starbucks to neutral from buy, lowering its target price for Starbucks from $65 to $50 per share; Goldman Sachs lowered its target price for Starbucks from $63 to $57; Standard & Poor's Capital IQ lowered its target price from $63 to $56 per share; JPMorgan Chase lowered its target price from $58 to $54 per share. Lazard lowered its target price from $69 to $64 per share, while Wells Fargo lowered its target price range for Starbucks from $51 to $53 per share to $47 to $49 per share.
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Vietnam's coffee exports continue to increase
According to Japanese media reports, Vietnam ranks first in the world in the production of Robasta coffee beans used to make instant coffee, and exports are increasing. On the other hand, there are also problems such as difficulties in delivering goods to farmers and problems in purchasing coffee beans from foreign countries and processing orders for export companies. Local economic newspapers such as Vietnam Investment Review reported the incident. According to statistics from Vietnam's Ministry of Agriculture and Local Development, Lobar
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The American masked man robbed a cafe and was scared away by a 71-year-old vigilante.
A coffee shop in Florida was robbed a few days ago. Two 19-year-old robbers robbed guests of the store with a baseball bat and a pistol. A 71-year-old vigilante suddenly stepped forward and opened fire on him, scaring off two robbers. According to the store's video, two 19-year-old masked robbers imitated the game Grand Theft Hunter car to rob the cafe.
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