Starbucks upgraded to hold at Melius Research
Starbucks upgraded due to strong quarter and turnaround
SBUX Starbucks was upgraded to hold from sell at Melius Research. This Club name delivered a fantastic quarter last week, and we raised our price target. CEO Brian Niccol's turnaround is gaining steam, and the stock looks primed for a breakout. No idea why it was regarded as a sell in the first place.
- per Cramer Investing Club Newsletter