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Jefferies says sell Starbucks over high valuation, ‘questionable strategic priorities’

Jefferies says sell Starbucks over high valuation, ‘questionable strategic priorities’

Investors should dump Starbucks , according to Jefferies. The research firm downgraded the coffee chain to underperform from hold. Analyst Andy Barish’s $76 price target also signals downside of 18% from Wednesday’s close. Shares have rallied more than 13% over the past three months, a move which Barish thinks is disconnected from the company’s reality….

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PepsiCo (PEP) Q2 2025 earnings

PepsiCo (PEP) Q2 2025 earnings

Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California. Kevin Carter | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite weaker demand for its food and drinks in North America. Shares of the company rose roughly 2% in premarket trading….

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Blackstone is buying rental homes again. Here’s why

Blackstone is buying rental homes again. Here’s why

Blackstone is an American alternative asset manager with significant interests in rental housing. In recent years, the company spent billions acquiring brands such as Tricon Residential, American Campus Communities and AIR Communities. Blackstone’s rental housing portfolio contains apartment complexes, student housing, mobile home parks, and single-family rental properties. Many of their U.S. assets are concentrated…

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Jane’s Addiction bandmates sue each other over onstage fight that ended tour

Jane’s Addiction bandmates sue each other over onstage fight that ended tour

LOS ANGELES — The members of alternative rock band Jane’s Addiction filed dueling lawsuits Wednesday over singer Perry Farrell’s onstage scuffle with guitarist Dave Navarro at a Boston concert last year, prompting the cancellation of the rest of their reunion tour and a planned album. Navarro, drummer Stephen Perkins and bassist Eric Avery sued Farrell…

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