JP Morgan Downgrades Krispy Kreme to Neutral, Announces $13 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe downgraded Krispy Kreme (NASDAQ:DNUT) from Overweight to Neutral and set a price target of $13.

November 20, 2023 | 10:09 am
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Krispy Kreme was downgraded by JP Morgan from Overweight to Neutral with a price target of $13, potentially impacting investor sentiment.
Downgrades by major analysts like JP Morgan can lead to a negative short-term reaction in the stock market as they may reflect a less optimistic outlook on the company's future performance. The new price target of $13 also provides a benchmark that may influence investor expectations and trading behavior.
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