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Longbow Raises Price Target on Krispy Kreme from $20 to $23, Sees Upside Stemming from Solid Q2 Comps

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In a report published Tuesday, analysts at Longbow Research raised the price target on Krispy Kreme (NYSE: KKD) from $20 to $23 following insight from channel checks which indicate possible upside to the firm's Q2 same-store sales estimate.

According to lead analyst Alton Stump, sales growth at company-owned stores is expected to rise by 7.5 percent while comps at franchises are expected to be up 8.2 percent.

Longbow maintains a Buy rating on shares of Krispy Kreme.

The stock is up nearly 4 percent to around $17.67 at last check. Longbow's new price target suggests potential upside of about 30 percent.

Latest Ratings for KKD

DateFirmActionFromTo
Jun 2016CL KingDowngradesBuyNeutral
May 2016Longbow ResearchDowngradesBuyNeutral
May 2016Roth CapitalDowngradesBuyNeutral

View More Analyst Ratings for KKD
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Posted-In: Analyst Color News Price Target Retail Sales Analyst Ratings Movers

 

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