Jefferies Upgrades Starbucks to Hold Amid US Stabilization and Reduced China Exposure
Jefferies has upgraded Starbucks (SBUX) to Hold from Underperform, citing improved US business stability and reduced international exposure following structural changes in China. The firm notes that while the company's valuation remains a concern, the shift in focus to domestic operations and a clearer execution path under CEO Brian Niccol support a more balanced outlook.
Tickers: $SBUX
Topics: China Exposure Jefferies Starbucks Stock Upgrade US Turnaround