Brewing Caution: Jefferies Warms Up To Starbucks With Tepid Upgrade

Jefferies analyst Andy Barish on Wednesday upgraded the shares of Starbucks Corp SBUX from Underperform to Hold with a price forecast of $76, based on a 21x multiple of fiscal 2026 earnings forecasts.Starbucks’ recent stock struggles reflect uncertainty around near-term earnings, driven by consumer concerns and potential tariff-related inflation, said the analyst. With no formal guidance and a new CFO in place, the analyst expects a slower, more modest earnings rebound over the next two years, likely aligni ...