Goldman downgrades Starbucks to neutral as rising costs could hold back stock

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Jesse Pound@/in/jesse-pound@jesserpound
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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

Starbucks is caught up in the stop-and-start nature of the global economic recovery from the pandemic, and investors should be cautious, according to Goldman Sachs.