Starbucks Turnaround Plan Leaves Scant Room for Error. Sell the Stock, Analyst Says.
Redburn Atlantic analyst Edward Lewis downgraded shares of the coffee chain to Sell from Neutral and cut his price target to $77. Continue reading View comments
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks Coffee, Teavana, Seattle's Best Coffee, Ethos, Starbucks Reserve, and Princi brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
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Redburn Atlantic analyst Edward Lewis downgraded shares of the coffee chain to Sell from Neutral and cut his price target to $77. Continue reading View comments
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