Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Dain Rauscher Cuts Krispy Kreme Rating

Dain Rauscher downgraded Krispy Kreme (KKD ) to buy from strong buy.

Analyst David Geraty says Q2 EPS is expected to increase 30.5% to $0.08, which is in line with his estimate, reflecting continued sales momentum and margin gains. He says total revenues were expected to increase 20.8% to $84.5 million. He says sales and operating trends remain strong, however, he downgraded the donut maker to reflect significant stock price

appreciation since his upgrade at $16 in February. He notes the stock has nearly achieved his revised $44 target (previously $33). Given recent strength and premium valuation, Geraty downgraded the shares. He maintains his $0.39 fiscal 2002 (Jan.) EPS estimate, and $0.50 for fiscal 2003.

blog comments powered by Disqus