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 Corp. stock underperforms Tuesday when compared to competitors
Shares of Starbucks Corp. SBUX slipped 1.08% to $94.45 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.25% to 5,732.93 and the Dow Jones Industrial Average DJIA rising 0.
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 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 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 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 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 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: Get In Now Before This Battleship Finishes Its Turn
Starbucks' stock has been under pressure since 2021 as top and bottom line growth has remained elusive. Find out why SBUX ...
Walmart upgraded, Starbucks downgraded: Wall Street's top analyst calls
Truist upgraded Walmart (WMT) to Buy from Hold with a price target of $89, up from $76. Walmart continues to gain share ...
Little Village residents boycott new Starbucks, citing threat to neighborhood identity
CHICAGO - A Starbucks coffee shop in the heart of Little Village is too much to stomach for some neighbors. Community ...
Starbucks: Historically Cheap But Shares Appear Fairly Valued At Best
We downgraded Starbucks from Buy to Hold as slowing consumer spending challenges premium brand image and growth expectations.
Starbucks has served coffee at this SLO spot for 30 years. Now it’s moving
When it opened in 1994, it was the first San Luis Obispo County location of what is today a massive international coffee ...
Starbucks Korea re-opens overhauled store in Edae
Starbucks Korea has revealed its newly revamped store in Edae, a district of Seoul, coinciding with the location's 25th ...
Starbucks: Brian Niccol's Biggest Challenge Yet
Starbucks' growth potential is limited by its already extensive global footprint and competitive market. See why I reiterate ...
Starbucks' Caramel Ribbon Crunch Vs Caramel Frappuccino: Is There A Difference?
Here's the difference between two of the most similar caramel drinks on the Starbucks menu, the Caramel Frappuccino and the ...