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Jim Cramer Discusses Starbucks (SBUX) CEO’s Turnaround Algorithm
Jim Cramer has consistently highlighted Starbucks (SBUX) CEO Brian Niccol’s turnaround strategy, which he sees as successful, particularly when compared to Nike. Cramer, whose charitable trust holds a significant position in Starbucks, notes improvements in customer service and employee rosters. Guggenheim also recently raised its price target for SBUX to $95, maintaining a Neutral rating, and increased its Q2 same-store sales growth estimate despite reducing earnings projections for future fiscal years.