MCD - Why Doughnut Maker Krispy Kreme's Shares Are Shooting Higher Today? | Benzinga
Krispy Kreme Inc (NASDAQ:DNUT) shares are trading higher after Pipler Sandler analyst Brian Mullan upgraded the shares from Neutral to Overweight and raised the price target from $14 to $20.
As a result of the national partnership with McDonald's Corp (NYSE:MCD), the stage is set for a material expansion of DNUT's Points of Access (POA) in the U.S. over the next ~three years.
From a U.S. Delivered Fresh Daily (DFD) door perspective, the analyst assumes that DNUT will add 1,000, 3,500, and 5,000 MCD specific incremental POA across the 2024e, 2025e, and 2026e time periods, respectively.
Very importantly, what the MCD partnership does for DNUT is that it gives ...