Starbucks Stock News

Starbucks stock has rallied hard since Brian Niccol was tapped as the coffee chain's new CEO, but one analyst thinks turnaround plans will be costly.

Shares of Starbucks Corp (NASDAQ:SBUX) are 1.1% lower this morning, following a downgrade to "sell" from "neutral.

Redburn Atlantic's Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his “Back to Starbucks” plan.

Starbucks' ex-CEO, Howard Schultz, told Fortune he trusts successor Brian Niccol to revitalize the company. Niccol plans a back-to-basics strategy as the coffee chain faces low sales.

“It's about time they stopped charging for all the different milks,” said one restaurant-industry consultant.

Starbucks is coming off a terrible year and has a long way to go to regain favor on Wall Street.

Starbucks' mobile app appeared to be down during the morning coffee rush on Thursday. Some users got a message saying, "mobile ordering is currently unavailable.

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