Luckin Coffee

If you don't know Luckin Coffee (NASDAQ: LK), let us help you: it's Chinese Starbucks Corporation (NASDAQ: SBUX) that is posing quite a headache to Starbucks Corporation in China. But more importantly, it is China's fastest-growing coffee entreprise. On Wednesday, the company...

Starbucks Corporation (NASDAQ: SBUX)'s aggressive Chinese expansion plans have been hit with some unexpected competition. Luckin Coffee, a Chinese coffee chain founded in 2017, has taken direct aim at Starbucks and has opened  2,000 stores in China alone. The company said it plans to open...

New sell-side commentary suggests Starbucks Corporation (NASDAQ: SBUX)'s future is bright despite growing competition in China. The Analysts KeyBanc Capital Markets analyst Eric Gonzalez maintained an Overweight on Starbucks with a $70 price target.  Tigress Financial's...