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Why there is a nearly 50% sale on this doughnut stock: analyst

Krispy Kreme’s (DNUT) stock should be devoured by traders headed into the company’s earnings on Feb. 22 as it’s just too darn cheap, says EvercoreISI restaurant analyst David Palmer. “Despite a volatile environment, Krispy Kreme continues to execute and move ahead with its growth plans,” Palmer said in a new research note. The veteran analyst listed several key considerations for a bull case on the stock: “The company has bold goals for points of distribution based upon detailed analysis. The… Source link

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