Wedbush Believes Upside To Expectations Exists For Krispy Kreme Doughnuts

In a report published Monday, Wedbush analyst Nick Setyan reiterated an Outperform rating and $24.00 price target on

. 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.