Jefferies reiterates Underperform rating on Starbucks stock, citing $1 billion restructuring cost
NegativeFinancial Markets

Jefferies has reaffirmed its Underperform rating on Starbucks stock, highlighting a significant $1 billion restructuring cost that the company is facing. This news is important as it raises concerns about Starbucks' financial health and future profitability, potentially impacting investor confidence and stock performance.
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