Morgan Stanley lowered the firm’s price target on Krispy Kreme (DNUT) to $2.50 from $3 and keeps an Overweight rating on the shares. With industry demand improved, the firm sees a likely better quarter for restaurants and food distributors than Q1, the analyst tells investors in a research note. Ongoing policy noise remains a risk but middle/upper income customer cohorts remain solid, and costs are mostly benign, the firm argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DNUT:
- Krispy Kreme announces “Hungry for Heroes” collection
- Krispy Kreme Appoints New CFO Raphael Duvivier
- “Free Doughnuts”: Krispy Kreme Stock (NASDAQ:DNUT) Plunges on Giveaway, New CFO
- Krispy Kreme Announces Leadership Changes Amid Expansion Focus
- Krispy Kreme appoints Duvivier as Chief Financial Officer