Starbucks Could See 'Easy Wins,' BofA Says, Despite Suspended Forecast
SBUXStarbucks(SBUX) Investopedia·2024-10-24 02:31

Key TakeawaysStarbucks withdrew its outlook for 2025, sending shares lower before paring back most of their losses Wednesday.Bank of America analysts said a reset was largely expected and anticipate "easy wins."New CEO Brian Niccol could be “well suited for SBUX turnaround," the analysts said, given similar challenges Niccol faced at Chipotle. Starbucks (SBUX) on Tuesday withdrew its outlook for 2025, sending shares sharply lower before paring back most losses in intraday trading Wednesday. Bank of America ...