Krispy Kreme resumed with an In Line at Evercore ISI

Evercore ISI resumed coverage of Krispy Kreme (DNUT) with an In Line rating and $13 price target. After shutting its packaged goods operation and selling a majority stake in Insomnia Cookies, Krispy Kreme is a streamlined business that is focused on delivered fresh daily donuts, the analyst tells investors in a research note. The firm says the difference between its $13 per share base case and $18per share upside scenario may depend on the success of the McDonald’s (MCD) rollout. It expects visibility into the rollout to increase by early 2025 with a company analyst day likely in the the first half of next year.