Citi downgrades Starbucks, says investors should wait for more clarity on CEO plan

Published Tue, Apr 12 20226:15 AM EDTUpdated Tue, Apr 12 20229:53 AM EDT

The Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California.

Justin Sullivan | Getty Images

Investors should take a wait-and-see approach with Starbucks as the company deals with management turnover and labor unrest, according to CIti.

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