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

Cakes are sold at Krispy Kreme Store on May 5, 2021 in Chicago, Illinois. The donut chain reported yesterday that it plans to go public again.

Scott Olson | Getty Images

According to HSBC, Krispy Kreme stock is unlikely to rebound in the coming months and investors should wait for a better time to jump in.

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