1414 EDT--Starbucks is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Starbucks shares were falling Tuesday after TD Cowen downgraded the stock on concerns its Chinese operations could see challenges. Driving analyst Andrew Charles's downgrade are fears that issues in China will likely have an outsize effect on the stock's performance in the near term. Starbucks is facing more competition in its second-largest market, with lower-cost alternatives rapidly gaining market share. China is also in the midst of a macroeconomic slump following the pandemic. Starbucks currently operates about 6,400 stores in the country. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)

(END) Dow Jones Newswires

September 19, 2023 14:29 ET (18:29 GMT)

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