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

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.