Starbucks hires Chipotle's Niccol as its sixth CEO
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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
William Blair Reiterates Outperform Rating on Chipotle Mexican Grill (CMG)
August 14, 2024 7:12 AM EDTWilliam Blair analyst Sharon Zackfia reiterated an Outperform rating on Chipotle Mexican Grill (NYSE: CMG).
The analyst comments "Chipotle announced the surprise departure of Chairman and CEO Brian Niccol on August 31 to join Starbucks as chairman and CEO. Niccol joined Chipotle in early 2018 and has been key in the company, refining its new product innovation through a strict stage gating process, amplifying its marketing message, building its digital ecosystem, and creating a deeper, more experienced management bench. That... More
Chipotle Mexican Grill (CMG) PT Lowered to $59 at Evercore ISI
August 14, 2024 6:05 AM EDTEvercore ISI analyst David Palmer lowered the price target on Chipotle Mexican Grill (NYSE: CMG) to $59.00 (from $65.00) while maintaining a Outperform rating.
The analyst comments "We are trimming our target multiple for Chipotle due to the CEO transition. Although we have the... More
Stifel Reiterates Buy Rating on Chipotle Mexican Grill (CMG)
August 14, 2024 5:23 AM EDTStifel analyst Chris O\'Cull reiterated a Buy rating and $70.00 price target on Chipotle Mexican Grill (NYSE: CMG)
The analyst comments "Our View: We maintain our Buy following the announcement that CEO Brian Niccol is leaving to become CEO of Starbucks. The strategic... More
Deutsche Bank Defends Chipotle Mexican Grill (CMG): 'outsized pullback as a buying opportunity'
August 14, 2024 5:21 AM EDTDeutsche Bank analyst Lauren Silberman reiterated a Buy rating and $67.00 price target on Chipotle Mexican Grill (NYSE: CMG)
The analyst comments "On 8/13, CMG announced that Chairman and CEO Brian Niccol would be stepping down, effective 8/31, as he has accepted the role as Chairman and CEO of... 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
