Analyst Says Starbucks (SBUX) is Taking ‘Necessary Actions’ for Turnaround

We recently published 10 Stocks to Watch Ahead of Q3 Earnings Season. Starbucks Corp (NASDAQ:SBUX) is one of the stocks that Wall Street analysts are discussing these days. Andrew Charles of TD Cowen, in a recent program on CNBC, commented on Starbucks' (NASDAQ:SBUX) latest $1 billion restructuring plan. The analyst believes the company is taking the “necessary steps” and its turnaround is “ongoing.” He has a Neutral rating on the stock. “You know, I think it didn’t really change anybody’s mind. If you w ...