Starbucks Is Jolted by a Rare Bear Call From Wall Street
The road ahead for starbucks (SBUX.US) to reverse the downturn is long, and it is rare to be downgraded by major Wall Street banks.
Jefferies analyst warned in a research report that even with a new CEO, it is too early to be excited about starbucks' prospects of turning things around, and the struggling coffee chain operator has been rare to receive a 'sell' rating.
Jefferies Downgrades Starbucks(SBUX.US) to Sell Rating, Cuts Target Price to $76
Jefferies analyst Andy Barish downgrades $Starbucks(SBUX.US)$ to a sell rating, and adjusts the target price from $80 to $76.According to TipRanks data, the analyst has a success rate of 57.4% and a
Best Stock to Buy Right Now: Dutch Bros. Vs. Starbucks
Starbucks Gets Rare Sell Call as CEO Shakeup Rally 'Overdone'
US stocks unusual | starbucks pre-market drop more than 2%, FURUI downgrades its rating and target price.
September 24th, Starbuck's (SBUX.US) pre-market trading in the United States fell more than 2% to $93.45. In terms of news, Jefferies Financial downgraded Starbucks from hold to underperform and lowered the target price from $80 to $76. Previously, Starbucks adjusted its management structure in China: Lu Wenjuan was appointed as the CEO of Starbucks China, while Wang Jingying continues to serve as the director of Starbucks China.