Krispy Kreme price target lowered to $14 from $15 at Citi

Citi lowered the firm’s price target on Krispy Kreme (DNUT) to $14 from $15 and keeps a Neutral rating on the shares post the Q3 report. The analyst says that with a decision on the McDonald’s (MCD) partnership still in a holding pattern, Krispy Kreme shares “sit in limbo.” However, underlying indicators suggest the quick-service opportunity is real and could prove meaningful to brand revenues an dprofits over the long term, the analyst tells investors in a research note.