Krispy Kreme Shares Up 6.5% After Analysts Upgrade Stock To Buy Over Upcoming McDonald's Partnership

Doughnuts are sold at a Krispy Kreme store on May 5, 2021 in Chicago, Illinois. Shares of the stock were up almost 6.5% to Monday morning upon the upgrade, which also saw analyst Bill Chappell move Krispy Kreme's 12-month price target to $15 from $13. Overall, Krispy Kreme shares are down roughly 25% year to date and dipped as low as $9.98 in May. Big Number Topline Key Facts Chappell said he thinks the McDonald's partnership will "accelerate revenue growth of legacy business" in the upcoming quarters and t ...