Truist Securities Downgrades Krispy Kreme to Hold, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bill Chappell has downgraded Krispy Kreme (NASDAQ:DNUT) from Buy to Hold and lowered the price target from $20 to $13.
October 30, 2023 | 1:30 pm
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Krispy Kreme's stock has been downgraded from Buy to Hold by Truist Securities, with a lowered price target of $13.
The downgrade from Buy to Hold indicates a less optimistic outlook for Krispy Kreme's stock. The lowered price target from $20 to $13 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
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