Starbucks stock downgraded
Starbucks Stock Is Slipping. A New Bear Says ‘Uncertainty Is High.’
Jefferies analyst Andy Barish downgraded shares of cafe chain Starbucks to Underperform from Hold. The surge after the naming of a new CEO is “overdone,” he writes.
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 Stock Downgraded to "Underperform"
Jefferies also cut its price target to $76 from $80 Jefferies downgraded Starbucks Corp (NASDAQ:SBUX) to "underperform" from "hold," with a price-target cut to $76 from $80 before the bell this morning.
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 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 make necessary strategic changes to move the coffee chain in the right direction,
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