BUZZ-Krispy Kreme down; J.P.Morgan downgrades to 'underweight'
Reuters
Aug 27
BUZZ-<a href="https://laohu8.com/S/DNUT">Krispy Kreme</a> down; J.P.Morgan downgrades to 'underweight'
** Shares of Krispy Kreme DNUT.O down 4.5% to $3.56 premarket
** J.P.Morgan downgrades stock to "underweight" from "neutral"; maintains PT at $3.73
** Brokerage says underlying U.S. business trends limit visibility of co's proposed turnaround plan
** Earlier this month, co posted wider-than-expected quarterly loss and announced turnaround plan focusing on re-franchising and driving return on invested capital
** Avg rating of 11 brokerages is "hold"; median PT is $5.27, as per data compiled by LSEG
** DNUT down 62.4% YTD
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com;))
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