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Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO

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Go back to Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO

BTIG Remains Positive on Starbucks (SBUX) Amid CEO Transition; Affirms at 'Buy'

December 2, 2016 6:25 AM EST

BTIG affirms Starbucks (Nasdaq: SBUX) at Buy with a price target of $64 following news that CEO Howard Schultz would be stepping down and assuming the role of Executive Chairman, as announced Thursday night.

The firm commented today: Given the success that Starbucks... More