Starbucks shares downgraded on wage inflation and China growth concerns

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Hannah Miao@hannahmiao_
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A 'We're Hiring!' sign is posted at a Starbucks on August 06, 2021 in Los Angeles, California.
Mario Tama | Getty Images

Wage hikes and Covid restrictions in China could hurt Starbucks' growth and pressure its share price, Atlantic Equities said in a downgrade of the stock.