Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
Publishing timestamp: 2024-08-13 16:31:12
Summary
Starbucks appoints Chipotle CEO Brian Niccol as new chief executive, leading to upgrades in stock by various analysts. Niccol is seen as the right choice to turn around Starbucks and move past the Howard Schultz era. Investors are confident in Niccol's ability to revive the company, despite some caution due to the complexity of Starbucks compared to Chipotle. Niccol's appointment may signal the end of Schultz's influence over the company.
Sentiment: POSITIVE
Tickers: YUM, SBUX, CMG, YUMC,
Keywords: yum! brands inc, laxman narasimhan, retail industry, yum china holdings inc, chipotle mexican grill inc, business news, starbucks corp, restaurants, howard schultz, business, breaking news: business, brian niccol,
Source: https://www.cnbc.com/2024/08/13/starbucks-ceo-wall-st-cheers-brian-niccol-appointment.html