HSBC Maintains Hold Rating for Krispy Kreme: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
HSBC has maintained its Hold rating for Krispy Kreme (NASDAQ:DNUT) but lowered its price target from $17.00 to $14.50. Krispy Kreme's shares are currently trading at $12.37, up 0.16% over the last 24 hours. A move to $14.50 would represent a 17.22% increase from the current share price.
September 28, 2023 | 5:01 pm
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HSBC's maintained Hold rating and lowered price target could potentially impact Krispy Kreme's stock price.
HSBC's decision to maintain its Hold rating indicates that the bank does not expect significant changes in Krispy Kreme's stock price in the near term. However, the lowered price target could potentially lead to a negative sentiment among investors, which might put downward pressure on the stock price.
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