Jefferies downgrades Starbucks, unconvinced new CEO is fix-all
Jefferies analysts lowered their rating of Starbucks stock to Underperform, saying the new CEO Brian Niccol isn’t a miracle worker. Andy Barish, Jefferies’s managing director, joins Julie Hyman and Josh Lipton on Market Domination Overtime to discuss his view on the coffee company stock.
Starbucks stock downgraded as turnaround will need more time, says analyst
On Tuesday before market open, Barish downgraded shares of the coffee giant to underperform, and lowered its price target to $76, citing "a lot of uncertainty over the next 12 months" following the "big run" in the past six weeks since Chipotle's ( CMG) Brian Niccol was named CEO.
Starbucks gets rare sell call as rally fuelled by CEO shakeup ‘overdone’
Starbucks shares surged 24 per cent through Monday’s close since the sudden replacement of its chief executive with Chipotle Mexican Grill Inc.’s Brian Niccol in August. Yet for Jefferies’ Andy Barish, this rally is “overdone,” given the path to improving the business isn’t a straightforward one.
Starbucks stock downgraded as turnaround will need more time, analyst says
On Tuesday, before the market open, Barish downgraded shares of the coffee giant to Underperform and lowered his price target to $76, citing "a lot of uncertainty over the next 12 months" following the "big run" in the past six weeks since Chipotle's ( CMG) Brian Niccol was named CEO.
Starbucks Gets Rare Sell Call as CEO Shakeup Rally ‘Overdone’
It’s too early to get excited about Starbucks Corp.’s prospects for a turnaround even with a new chief executive officer in charge, Jefferies analysts said, assigning a rare sell-equivalent rating to the struggling coffee chain operator.
Starbucks CEO hype has been ‘overdone,’ Jefferies analysts say in rare downgrade
The shock announcement of Chipotle CEO Brian Niccol taking the helm of Starbucks following former boss Laxman Narasimhan’s departure was a much-needed jolt to the coffee giant’s stock: Company shares were up 22% the day after the news,
Starbucks downgraded as analyst cites execution challenges ahead
Starbucks Corp. was downgraded by Jefferies Tuesday, as the analyst firm highlighted a number of hurdles in the path of new CEO Brian Niccol.
Starbucks has a 'lot of work to be done' to stabilize business, says Jefferies' Andy Barish
Andy Barish, Jefferies equity analyst, joins CNBC's 'Power Lunch' to discuss why Jefferies is downgrading Starbucks, what ...
Starbucks Stock Is Slipping. A New Bear Says ‘Uncertainty Is High.’
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Stock Market Today: Visa's the Worst Dow Stock After DOJ Sues
While new CEO Brian Niccol "suggests necessary strategic change is now on the table, we believe execution will be challenged ...
Stock Market Today: Dow, S&P 500 score fresh records as stocks end with modest gains
Starbucks Corp. was downgraded by Jefferies Tuesday, as the analyst firm highlighted a number of hurdles in the path of new CEO Brian Niccol. “While the new CEO suggests necessary strategic change is ...
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Stock market today: Stocks tick higher as S&P 500 eyes fresh record
US stocks were mixed on Tuesday as investors digested China's launch of aggressive stimulus that lifted market spirits and a ...
Demystifying Cava Group: Insights From 17 Analyst Reviews
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $111.76, along ...
Starbucks is jolted by a rare bear call from Wall Street
Jefferies downgraded Starbucks Corporation (NASDAQ:SBUX) to an Underperform rating on Tuesday, after having it set at Hold. Analyst Andy Barish and his team think that while the new Brian Niccol will ...