Jim Cramer expressed optimism about Starbucks' future, citing confidence in new CEO Brian Niccol, former Chipotle chief. Cramer believes Niccol's track record at Chipotle could drive a turnaround for the struggling coffee giant. Jefferies analysts remain cautious, predicting costly turnaround efforts, while Bernstein analysts focus on long-term gains. Cramer said he would endure a weak year for Starbucks if it leads to long-term strength. He expects a stock sell-off if management lowers expectations but recommends buying during periods of weakness.
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00:00It's Benzinga, and here's what's on the block.
00:02Jim Cramer expressed optimism about Starbucks' future, citing confidence in new CEO Brian
00:08Nichol, former Chipotle chief.
00:10Cramer believes Nichol's track record at Chipotle could drive a turnaround for the
00:14struggling coffee giant.
00:15Jeffrey's analysts remain cautious, predicting costly turnaround efforts, while Bernstein
00:20analysts focus on long-term gains.
00:22Cramer said he was willing to endure a weak year for Starbucks if it leads to long-term
00:27strength.
00:28Cramer expects a stock sell-off if management lowers expectations but recommends buying
00:32during periods of weakness.
00:33For all things money, visit Benzinga.com.