By: Benzinga
UPDATE: Wedbush Downgrades Krispy Kreme Doughnuts to Neutral on More Challenging Expectations
In a report published Thursday, Wedbush analyst Nick Setyan downgraded the rating on Krispy Kreme Doughnuts (NYSE: KKD ) from Outperform to Neutral, but reiterated the $16.00 price target. In the report, Setyan noted, “We believe the 100%-plus increase in KKD shares since mid-November (vs. +13.7% for the S&P 500)
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