Jefferies upgrades Starbucks to 'hold' on limited downside to stock underperformance
ReutersApr 9, 2025 11:46 AM
Jefferies upgrades coffee chain Starbucks' SBUX.O stock to 'hold' from 'underperform' as it sees limited downside to stock in near-term, given its recent underperformance
Stock has fallen 31.1% since its peak in March
We will monitor the "Back to Starbucks" strategy, focusing on investments in partners and technology to improve operations - Jefferies
Brokerage maintains PT at $76
Shares down 0.74% at $79.10 in premarket trading
Avg rating of 39 analysts is "hold"; median PT $105 — data compiled by LSEG
Up to last close, SBUX stock had fallen ~12.7% YTD, compared with a 5.8% decline in S&P 500 restaurants index .SPLRCREST
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