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 ...
Fintel reports that on September 19, 2024, Jefferies initiated coverage of WEC Energy Group (NYSE:WEC) with a Hold ...
In a report released today, Ryan Kenny from Morgan Stanley maintained a Hold rating on Jefferies (JEF – Research Report), with a price ...
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 ...
Jefferies analysts have upgraded their guidance for Rightmove as they believe Australian real estate giant REA Group will ...
Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition, Jefferies analysts wrote ...
Throughout the last three months, 4 analysts have evaluated Jefferies Financial Gr JEF, offering a diverse set of opinions ...
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 ...
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Andy Barish, Jefferies equity analyst, joins CNBC's 'Power Lunch' to discuss why Jefferies is downgrading Starbucks, what ...
Shares of European luxury-goods makers are dropping again as analysts at Goldman Sachs Group Inc. and Jefferies International ...
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