Cowen upgrades Starbucks, says company implementing strategies that will pay off after pandemic

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New for subscribers: Cowen upgrades Starbucks, says company implementing strategies that will pay off after pandemic Check out CNBCPro today.

reset its business strategy, shedding unneeded assets and focusing on customer innovation, according to Cowen.

The Wall Street firm upgraded shares of Starbucks to outperform from market perform, sending shares of the world's largest coffee chain up 1.5% in premarket trading on Wednesday. Cowen also raised its 12-month price target to $99 per share from $77 per share.

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Pro Dunkin’ Donuts Starbucks

you cant sit down in a Starbucks. Cowan way off the mark

you cant sit down in a Starbucks. Cowan way off the mark

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