JP Morgan Maintains Overweight on Krispy Kreme, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst John Ivankoe has maintained an Overweight rating on Krispy Kreme (NASDAQ:DNUT) but lowered the price target from $18 to $16.
August 11, 2023 | 5:23 pm
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JP Morgan has maintained an Overweight rating on Krispy Kreme but lowered the price target from $18 to $16.
The news is directly related to Krispy Kreme. While the Overweight rating suggests that JP Morgan expects the stock to outperform, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock's short-term performance.
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