Krispy Kreme (DNUT) Stock: $15 Price Target From Truist

By Amit Chowdhry ● Nov 23, 2021
  • The shares of Krispy Kreme Inc (NASDAQ: DNUT) have received a price target of $15 from Truist. These are the details.

The shares of Krispy Kreme Inc (NASDAQ: DNUT) have received a price target of $15 from Truist. And Truist analyst Bill Chappell downgraded Krispy Kreme to a “Hold” rating from a “Buy” rating while reducing the price target from $21.

Chappell noted that the company is still expected to post a solid Q3 result. But the original recommendation of the stock was based on expectations of a consistent double-digit top-line growth. This could enable the company to hold a growth stock multiple.

Plus Chappell added that the labor issue could result in a mid-to-high-single-digit top-line growth at least in 2022. And this may revive investor skepticism about growth for the indulgent snack category.

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