- The shares of Krispy Kreme Inc (NASDAQ: DNUT) have received a price target of $15 from Truist. These are the details.
The shares of Krispy Kreme Inc (NASDAQ: DNUT) have received a price target of $15 from Truist. And Truist analyst Bill Chappell downgraded Krispy Kreme to a “Hold” rating from a “Buy” rating while reducing the price target from $21.
Chappell noted that the company is still expected to post a solid Q3 result. But the original recommendation of the stock was based on expectations of a consistent double-digit top-line growth. This could enable the company to hold a growth stock multiple.
Plus Chappell added that the labor issue could result in a mid-to-high-single-digit top-line growth at least in 2022. And this may revive investor skepticism about growth for the indulgent snack category.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
