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

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Jesse Pound@/in/jesse-pound@jesserpound
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The Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California.
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Investors should take a wait-and-see approach with Starbucks as the company deals with management turnover and labor unrest, according to CIti.