Starbucks to Hold Virtual Annual Meeting on Virus Fears, Oppenheimer Maintains Outperform

Starbucks to Hold Virtual Annual Meeting on Virus Fears, Oppenheimer Maintains Outperform

Starbucks (SBUX) – Get Report said Wednesday it will host its annual shareholder meeting in virtual format over concerns about the coronavirus, while an Oppenheimer analyst reiterated his outperform rating on the company, saying any near-term 2020 earnings reset will be “temporary and modest.”  

Shares of the coffee retailing kingpin were essentially flat at $78.75.

The meeting is scheduled to take place on March 18.

“Due to the emerging public health impact of the coronavirus outbreak (COVID-19) and to support the health and well-being of our partners and shareholders,” the company said in a statement, “please note that the location of the Annual Meeting of Shareholders has been changed and will be held in a virtual meeting format only. You will not be able to attend the Annual Meeting physically.”

The Seattle-based company joins a long list of corporations that have canceled real world meetings and conferences, including Facebook, Alphabet and Nvidia, as the deadly virus continues to spread.


Source link Coffee and Health

Coffee Shop Millionaire

Author Bio

About "Starbucks to Hold Virtual Annual Meeting on Virus Fears, Oppenheimer Maintains Outperform"

Reviewed By This Is Article About Starbucks to Hold Virtual Annual Meeting on Virus Fears, Oppenheimer Maintains Outperform was posted on have 5 stars rating.

Comment Area