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 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.
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 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 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 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 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.
Jefferies Downgrades Starbucks (SBUX)
Fintel reports that on September 24, 2024, Jefferies downgraded their outlook for Starbucks (NasdaqGS:SBUX) from Hold to Underperform. Analyst Price Forecast Suggests 1.53% Upside As of August 25, 2024,
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 Is Slipping. ‘Uncertainty Is High.’
Jefferies analyst Andy Barish downgraded shares of cafe chain Starbucks to Underperform from Hold. The surge after the naming ...
Starbucks gets a rare sell call despite leadership change
Jefferies analysts have issued a rare sell-equivalent rating for Starbucks Corp., suggesting that the company’s turnaround ...
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 ...
Darden Restaurants: A Sell Rating Amidst Competitive Pressures and Uncertain Delivery Ventures
Analyst Andy Barish of Jefferies maintained a Sell rating on Darden Restaurants (DRI – Research Report), boosting the price target to ...
McDonald's to Keep $5 Meal Deal in an Effort to Retain Customers
McDonald's extended its $5 value meal offer into December at most of its U.S. locations, the burger chain said. The company ...
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Stock Market Today: Dow ends up over 400 points, S&P 500 scores biggest 4-day rally of 2024 ahead of July CPI report
that have driven historical outperformance may become shrouded," Jefferies analyst Andy Barish said in a note to clients. He wrote that while Chipotle has a good internal base of managers ...
Jefferies Gives a Buy Rating to Dave & Busters Entertainment (PLAY)
Jefferies analyst Andy Barish assigned a Buy rating to Dave & Busters Entertainment (PLAY – Research Report) today and set a price ...
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 ...