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HSBC downgrades Krispy Kreme, says newly public company will continue to struggle

On May 5, 2021, Krispy Kreme stores in Chicago, Illinois, sell doughnuts. Yesterday, the doughnut chain announced that it will take the business public once again.

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Krispy KremeAccording to HSBC,’s stock won’t rebound in the next few months. Investors should wait to get in when it is more favorable.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.