Starbucks (SBUX) on Tuesday 澳洲幸运5官方开奖结果体彩网:withdrew its outlook for 2025, sending shares sharply lower before paring back most losses in intraday trading Wednesday. Bank of America analysts said a reset was largely expected and anticipate "easy wins."

The bank suggested the 澳洲幸运5官方开奖结果体彩网:withdrawal of guidance, which came after CEO Brian Niccol 澳洲幸运5官方开奖结果体彩网:took the reins last month, was effectively priced in. The coffee giant previously guided for 15% to 20% growth in earnings per share in fiscal 2025,൲ but the Street consensus is fo🦋r a decline of 0.3%, analysts said. 

Starbucks said the decision “will allow ample opportunity to complete an as🎃sessment of the business and solidify key strategies.”

Shares of Starbucks initially tumbled on thꦉe news, but have since recovered and were little changed in Wednesday afternoon trading.

BofA Calls New CEO Brian Niccol 'Well Suited' for a Turnaround

Starbucks' "brand remains fundamentally strong" the analysts said, adding "we see easy wins, think EPS growth still possible."

New CEO Brian Niccol could also be “well suited for SBUX turnaround," the analysts said, given similar challenges Niccol faced at Chipotle Mexican Grill (CMG). They cited comparable “reputational issues," but noted they are "not the widely circulated bear cases tha🌼t surrounded both.”