Elliott Statement on Starbucks
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William Blair Reiterates Market Perform Rating on Starbucks (SBUX)
August 14, 2024 7:14 AM EDTWilliam Blair analyst Sharon Zackfia reiterated a Market Perform rating on Starbucks (NASDAQ: SBUX).
The analyst comments "Stock Thoughts and Risks. Absent the return of Howard Schultz, Niccol is probably as good of a pick as exists for Starbuckss new... More
Deutsche Bank Upgrades Starbucks (SBUX) to Buy
August 14, 2024 5:04 AM EDTDeutsche Bank analyst Lauren Silberman upgraded Starbucks (NASDAQ: SBUX) from Hold to Buy with a price target of $118.00 (from $85.00).
The analyst comments "We are upgrading SBUX to Buy (from Hold) following the announcement that Brian Niccol will be appointed as CEO, increasing our conviction in the success of a turnaround and return to a... More
Evercore ISI Upgrades Starbucks (SBUX) to Outperform
August 14, 2024 5:03 AM EDTEvercore ISI analyst David Palmer upgraded Starbucks (NASDAQ: SBUX) from In Line to Outperform with a price target of $120.00 (from $80.00).
The analyst comments "We are upgrading Starbucks to Outperform due to an increased probability of a US brand turnaround under Brian Niccol. With the hiring of Brian Niccol as... More
BMO Capital on Starbucks (SBUX): 'view the move as supportive of our view that SBUX issues are not structural'
August 13, 2024 10:40 AM EDTBMO Capital analyst Andrew Strelzik reiterated an Outperform rating and $100.00 price target on Starbucks (NASDAQ: SBUX)
The analyst comments "This morning, SBUX announced CMG CEO Brian Niccol as its new CEO effective September 9. Current SBUX CEO Laxman Narasimhan has stepped down.... More
Morgan Stanley's Take on Starbucks' (SBUX) New CEO
August 13, 2024 10:20 AM EDTMorgan Stanley analyst Brian Harbour reiterated an Overweight rating and $98.00 price target on Starbucks (NASDAQ: SBUX).
The analyst comments "Our take: Sometimes, but not often, we, and even perhaps the most jaded among us, arrive at work to a genuine surprise. Given the challenges SBUX has faced lately and Niccol's track record at CMG, both fundamentally and as reflected in the stock price, we think this will be viewed as an unmitigated positive for SBUX. We have remained OW SBUX, despite challenges, on the view there was impetus for change, the... More
