Now hear this: An hour-and-a-half after the close a report by Prudential Equity Group analyst Howard Penney hit First Call with his initiation of coverage with an overweight rating and a 12-to-18 month target of $15. The report, dated Thursday, has Thursday's closing price.
Never mind that in a market like this a report like that can set a fire under a stock, even if it's undeserving. (And I'm not saying it is or isn't -- or if a recommendation of a company like Krispy Kreme is yet another sign of a toppy market.) A bigger question here, your honor, is who knew what when? Something tells me we will find out.
KKD 2-day chart: