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Krispy Kreme shares rise as Truist hikes rating to Buy

Yahoo Finance's Rachelle Akuffo discusses the increase in stock price for Krispy Kreme following an analyst upgrade.

Video transcript

- You're very welcome. All right. Krispy Kreme getting a sweet upgrade. Truist raises their rating on the stock to buy from hold as analyst Chapel notes Krispy Kreme should be one of the few packaged goods companies that will post meaningful volume growth in 2023. Now, Truist also pointing to the brand's refreshed strategy and expansion opportunities positioning the company well over the coming years.