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, with investors rallying around the potential for a turnaround in Starbucks’ slump.
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.
Williams-Sonoma, Inc. (WSM) stock saw a modest uptick, ending the day at $153.43 which represents a slight increase of $4.62 or 3.10% from the prior close of $148.81. The stock opened at $149.98 and ...
In a report released today, Ryan Kenny from Morgan Stanley maintained a Hold rating on Jefferies (JEF – Research Report), with a price ...
Fintel reports that on September 19, 2024, Jefferies initiated coverage of WEC Energy Group (NYSE:WEC) with a Hold ...
Jefferies Financial Group Inc (JEF) stock saw a decline, ending the day at $62.07 which represents a decrease of $-0.22 or -0.35% from the prior close of $62.29. The stock opened at $62 and touched a ...
The acquisition has a notable impact on the firm's portfolio, representing a 14.65% position and making up 4.50% of the total ...
Throughout the last three months, 4 analysts have evaluated Jefferies Financial Gr JEF, offering a diverse set of opinions ...
Fintel reports that on September 17, 2024, UBS initiated coverage of Jefferies Financial Group (NYSE:JEF) with a Buy ...
A former Jefferies Financial Group hedge fund manager who was sued for allegedly defrauding the fund out of more than $100 million is also facing a federal criminal probe. Manhattan federal ...
In a report released today, Philippe Houchois from Jefferies maintained a Buy rating on Rivian Automotive (RIVN – Research Report), with ...
First paragraph, first sentence of release dated September 3, 2024 should read: Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") will host its annual Investor Meeting on Monday, October 21, ...
Shares of European luxury-goods makers are dropping again as analysts at Goldman Sachs Group Inc. and Jefferies International ...
Andy Barish, Jefferies equity analyst, joins CNBC's 'Power Lunch' to discuss why Jefferies is downgrading Starbucks, what ...
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