Barclays has updated its price targets for several prominent stocks. Starbucks (SBUX, Financial) saw its target price reduced from $124 to $106, reflecting changing market dynamics and company performance assessments. Meanwhile, semiconductor giant NXP Semiconductors had its price target revised down from $230 to $190, indicating potential challenges in the semiconductor industry.
NVIDIA's target was lowered from $175 to $155, highlighting concerns about the competitive landscape and demand fluctuations in the graphics processing unit sector. Similarly, Micron Technology experienced a reduction in its target price from $115 to $95, suggesting potential headwinds in the memory chip market.
