Reported 2 days ago
Krispy Kreme's stock suffered a significant decline of over 16% following a disappointing quarterly earnings report that prompted multiple analysts to cut their price targets. Evercore ISI analyst David Palmer lowered his target from $9 to $3 per share, while Citigroup's Jon Tower reduced his to $3.60, highlighting concerns about the company's partnership with McDonald's and challenges in the U.S. retail sector.
Source: YAHOO