Krispy Kreme assumed with Overweight from Neutral at JPMorgan

JPMorgan analyst Rahul Krotthapalli upgraded Krispy Kreme to Overweight from Neutral with a $14 price target after assuming coverage of the name. Year-to-date the stock is down 32% and trades 38% below the June 30, 2021 $17 initial public offering price, the analyst tells investors in a research note. The firm says that $10.46, the shares closer to all-time lows of the $10 support level.