Shares in Krispy Kreme doughnuts soar on view weight-loss drugs will not reduce sales

Shares in Krispy Kreme rose as much as 6.8% in New York

Doughnut franchise Krispy Kreme expanded into Ireland years ago, with locations in Dublin and in Cork.

Americans love their doughnuts too much to give them up forever, even in spite of the recent boom in weight-loss drugs, says one Wall Street fan of Krispy Kreme.

Truist Securities upgraded its recommendation on Krispy Kreme to buy from hold, reversing its position on the stock’s current valuation, analysts led by Bill Chappell said.