The recently-aired turnaround plan for Starbucks Corp. has merit, but the cost of reversing the company’s eight-year decline in weekly visits in the U.S. remains an overhang on the stock, Redburn Atlantic analyst Edward Lewis said in a research note on Wednesday.

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