Why we’re still skeptical of Starbucks’ turnaround despite a major Wall Street endorsement

Earnings

A store of Starbucks Coffee shop chain located in Amsterdam city center with people sitting inside, enjoying a coffee after shopping in the cafe, while others are walking by.
Nicolas Economou | Nurphoto | Getty Images

A new endorsement of Starbucks from a top Wall Street research firm doesn’t budge our skepticism about the coffee giant’s ability to deal with the multiple challenges holding back its stock.

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