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Krispy Kreme downgraded to Underweight from Neutral at JPMorgan

JPMorgan downgraded Krispy Kreme (DNUT) to Underweight from Neutral without a price target The company is in “survivor mode” following the cancelled launch at McDonald’s (MCD), the analyst tells investors in a research note. The firm believes Krispy Kreme’s proposed turnaround plan brings execution risk as declining trends in the U.S. business limit its visibility.

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