Redburn Atlantic’s Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his “Back to Starbucks” plan.

Shares of Starbucks Corp. ($SBUX) slipped nearly 1% on Wednesday morning after a bearish note from Redburn Atlantic appeared to have rattled some investors. The downgrade to ‘Sell’ from ‘Neutral’ came from analyst Edward Lewis,

Investing.com - Analysts at Redburn Atlantic have lowered their rating of Starbucks (NASDAQ:SBUX) to "Sell," arguing that the consensus outlook for the coffee chain does not "adequately reflect" the costs associated with the company's