Starbucks gets rare sell call as rally fuelled by CEO shakeup ‘overdone’ --[Reported by Umva mag]

Shares surged 24% since the sudden replacement of its CEO with Chipotle head Brian Niccol

Sep 24, 2024 - 12:58

Starbucks gets rare sell call as rally fuelled by CEO shakeup ‘overdone’ --[Reported by Umva mag]

It’s too early to get excited about Starbucks Corp.’s prospects for a turnaround even with a new chief executive in charge, Jefferies analysts said, assigning a rare sell-equivalent rating to the struggling coffee chain operator. Read More

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