Starbucks CEO hype has been ‘overdone,’ Jefferies analysts say in rare downgrade
The shock announcement of Chipotle CEO Brian Niccol taking the helm of Starbucks following former boss Laxman Narasimhan’s departure was a much-needed jolt to the coffee giant’s stock: Company shares were up 22% the day after the news, with investors rallying around the potential for a turnaround in Starbucks’ slump.
Starbucks downgraded as analyst cites execution challenges ahead
Starbucks Corp. was downgraded by Jefferies Tuesday, as the analyst firm highlighted a number of hurdles in the path of new CEO Brian Niccol.
Starbucks Gets Rare Sell Call as CEO Shakeup Rally ‘Overdone’
It’s too early to get excited about Starbucks Corp.’s prospects for a turnaround even with a new chief executive officer in charge, Jefferies analysts said, assigning a rare sell-equivalent rating to the struggling coffee chain operator.
Starbucks Stock Downgraded to "Underperform"
Jefferies also cut its price target to $76 from $80 Jefferies downgraded Starbucks Corp (NASDAQ:SBUX) to "underperform" from "hold," with a price-target cut to $76 from $80 before the bell this morning.
Starbucks stock downgraded as turnaround will need more time, says analyst
Starbucks will need time to "brew a fresh pot," per Jefferies analyst Andy Barish. On Tuesday before market open, Barish downgraded shares of the coffee giant to underperform, and
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Jefferies Issues Buy Rating for Williams-Sonoma, Inc. (WSM) Stock
Williams-Sonoma, Inc. (WSM) stock saw a modest uptick, ending the day at $153.43 which represents a slight increase of $4.62 or 3.10% from the prior close of $148.81. The stock opened at $149.98 and ...
Jefferies (JEF) Gets a Hold from Morgan Stanley
In a report released today, Ryan Kenny from Morgan Stanley maintained a Hold rating on Jefferies (JEF – Research Report), with a price ...
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Jefferies Initiates Coverage of WEC Energy Group (WEC) with Hold Recommendation
Fintel reports that on September 19, 2024, Jefferies initiated coverage of WEC Energy Group (NYSE:WEC) with a Hold ...
Sumitomo Mitsui Financial Group's Strategic Acquisition in Jefferies Financial Group
The acquisition has a notable impact on the firm's portfolio, representing a 14.65% position and making up 4.50% of the total ...
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Why Jefferies Financial Group Inc (JEF) Stock is Currently 6.23% Above from Its 20-Day SMA?
Jefferies Financial Group Inc (JEF) stock saw a decline, ending the day at $62.07 which represents a decrease of $-0.22 or -0.35% from the prior close of $62.29. The stock opened at $62 and touched a ...
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition, Jefferies analysts wrote ...
Jefferies upgrades Rightmove as REA group eyes £4.4bn takeover bid
Jefferies analysts have upgraded their guidance for Rightmove as they believe Australian real estate giant REA Group will ...
Navigating 4 Analyst Ratings For Jefferies Financial Gr
Throughout the last three months, 4 analysts have evaluated Jefferies Financial Gr (NYSE: JEF ), offering a diverse set of opinions from bullish to bearish.
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Ex-Jefferies Fund Manager Faces Criminal Probe of Alleged Fraud
A former Jefferies Financial Group hedge fund manager who was sued for allegedly defrauding the fund out of more than $100 million is also facing a federal criminal probe. Manhattan federal ...
Mercedes-Benz Group (MBGAF) Receives a Buy from Jefferies
Jefferies analyst Philippe Houchois maintained a Buy rating on Mercedes-Benz Group (MBGAF – Research Report) today and set a price target ...
Starbucks has a 'lot of work to be done' to stabilize business, says Jefferies' Andy Barish
Andy Barish, Jefferies equity analyst, joins CNBC's 'Power Lunch' to discuss why Jefferies is downgrading Starbucks, what ...
European Luxury Selloff Deepens on Goldman, Jefferies Warnings
Shares of European luxury-goods makers are dropping again as analysts at Goldman Sachs Group Inc. and Jefferies International ...