In a report published Monday, Wedbush analyst Nick Setyan reiterated an Outperform rating and $24.00 price target on Krispy Kreme Doughnuts KKD.
In the report, Wedbush noted, “Continue to believe that a near-term inflection in KKD's SSS growth trajectory, combined with acceleration in both company and franchised unit development to a mid-teens growth rate, could result in upside to 2H:15 expectations as well as an upward revaluation of shares.”
Krispy Kreme Doughnuts closed on Friday at $20.36.
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