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 Corp (SBUX) Stock Settles at $95.48: What’s Contributing to This Price Point?
Starbucks Corp (SBUX) stock saw a decline, ending the day at $95.48 which represents a decrease of $-0.57 or -0.59% from the prior close of $96.05. The stock opened at $96.05 and touched a low of $94.
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' new CEO doesn't want the shake-up to end with him
Liu’s appointment marks the second executive shake-up at Starbucks since Niccol took over as CEO in early September, ...
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 ...
Humor: How to order a complicated TikTok drink from Starbucks in the most annoying way possible
You could go to Starbucks and have a normal coffee or the basic pumpkin spice latte that everyone and their mother knows ...
Starbucks: Earnings Growth On Tap In FY 2025, CEO Optimism Persists
Starbucks shares surged 22% with the announcement of Chipotle’s CEO Brian Niccol as the new chief executive. Read why I ...
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 ...