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Stock Market & Financial Investment News

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January 30, 2014
07:19 EDTSBUXStarbucks leadership changes positive, says Wells Fargo
After Starbucks announced that its CEO, Howard Schultz, would expand his focus on innovation and next generation retailing and payment initiatives, and that CFO Troy Alstead would be promoted to a newly created COO position, Wells Fargo is pleased by Alstead's promotion, and thinks the company could leverage some of its technology and loyalty programs outside of Starbucks. The firm thinks the company is on the verge of a new, positive turning point but keeps a Market Perform rating on the shares.
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