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Benzinga

Business

Adam Eckert

Why Are Starbucks Shares Trading Higher?

Starbucks JPMorgan Starbucks Corp

Starbucks Corp (NASDAQ:SBUX) shares are trading higher Wednesday after JPMorgan analyst John Ivankoe upgraded the stock from a Neutral rating to an Overweight rating and announced a $101 price target.

Starbucks also announced that CEO Kevin Johnson will transition from his lead role on April 4, but he will continue to work with Starbucks as a partner and special consultant to the company and board through September.

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