Starbucks CEO Niccol says committed to "engage constructively" with workers union

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Starbucks upgraded to Outperform at Bernstein

September 26, 2024 6:26 AM EDT

Bernstein analysts upgraded Starbucks (NASDAQ: SBUX) to Outperform from Market Perform on Thursday, citing optimism surrounding the company's recent leadership change and potential for operational improvement.

The firm also raised its price target for the stock to $115 from $92, reflecting its confidence in Starbucks' ability to unlock future earnings growth despite current challenges.

The upgrade follows the... More