Krispy Kreme Shares Sink on JPMorgan Downgrade to 'Underweight'
1. JPMorgan downgraded Krispy Kreme to 'underweight' on turnaround challenges. 2. Shares fell over 60% this year; current price at $3.73. 3. Turnaround plan execution risks are high, impacting profitability. 4. Krispy Kreme ended partnership with McDonald's, hindering growth. 5. Analysts highlight reduced appeal of donuts due to delivery issues.