In a report published Tuesday, analysts at Longbow Research raised the price target on Krispy Kreme KKD from $20 to $23 following insight from channel checks which indicate possible upside to the firm's Q2 same-store sales estimate.
According to lead analyst Alton Stump, sales growth at company-owned stores is expected to rise by 7.5 percent while comps at franchises are expected to be up 8.2 percent.
Longbow maintains a Buy rating on shares of Krispy Kreme.
The stock is up nearly 4 percent to around $17.67 at last check. Longbow's new price target suggests potential upside of about 30 percent.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in