(That is CNBC Professional’s reside protection of Monday’s analyst calls and Wall Avenue chatter. Please refresh each 20-Half-hour to view the most recent posts.) Monday kicked off with an improve to a espresso inventory and a downgrade to a doughnut title. JPMorgan upgraded Dutch Bros to chubby, citing latest measures to enhance liquidity. The financial institution additionally lowered its ranking on Krispy Kreme to impartial, partially citing “execution” dangers. Try the most recent calls and chatter beneath. 5:47 a.m. ET: Jefferies upgrades Six Flags Buyers ought to get in on shares of Six Flags Leisure because of the firm’s lately introduced merger with Cedar Honest, in response to Jefferies. Forward of the merger, which is predicted to shut subsequent yr , Jefferies lifted shares of Six Flags to purchase from maintain. The up to date value goal of $32, raised from $25, corresponds to a 35% upside from the inventory’s Friday closing value of $23.70. The Cedar Honest administration workforce is predicted to run the mixed firm in a C-corp construction, whereas the Six Flags CEO and CFO will lead the transition. “FUN administration has achieved extra constant execution, which ought to translate properly to SIX wealthy asset based mostly construction,” wrote analyst David Katz. He famous that the brand new firm can even have a broader geographic protection throughout North America. “Assuming the mixed firm can obtain its targets, the implied worth to SIX holders is $30-50,” the analyst added. — Lisa Kailai Han 5:42 a.m. ET: JPMorgan downgrades Krispy Kreme JPMorgan lowered its ranking on the doughnut chain to impartial from chubby, sustaining its $13 per share value goal. That forecast is slightly below the place the inventory closed on Friday. Analyst John Ivankoe famous that, whereas the inventory is outperforming the S & P 500 yr up to now, and the corporate has international model recognition, there have been execution points. “We are able to say by way of expertise that execution has not all the time been constant when it comes to each bundle containing product made previously 24 hours which is definitely a problem because the “Krispy Kreme perfection famously fades by the hour/day,” he famous. Nonetheless, “the underlying enchantment of Krispy Kreme is big, and naturally there is just one genuine Krispy Kreme doughnut.” Yr up to now, shares are up 26%. DNUT YTD mountain DNUT in 2023 — Fred Imbert 5:42 a.m. ET: JPMorgan lifts Dutch Bros to chubby, sees 26% upside forward JPMorgan thinks it is time for buyers to wager on espresso chain Dutch Bros . The financial institution upgraded the inventory to chubby from impartial, lifting its December 2024 value goal to $35 from $30. This suggests a 26% enhance from Friday’s shut. As a catalyst, analyst John Ivankoe particularly pointed to the corporate’s latest liquidity enhancements. “The corporate accomplished ~$345m main fairness elevate on September 7 which added ~8% to shares excellent however allowed web debt/ebitda (incl. capital leases) to drop from 4.4x to ~2.0x and supply substantial out there liquidity to the corporate,” he wrote. The analyst added: “New labor investments specializing in store managers isn’t a shock as this partly closes the hole vs friends along with compensating for elevated duties throughout the ‘folks pipeline.'” Shares of Dutch Bros added 3.4% in premarket buying and selling. BROS 1D mountain BROS rises — Lisa Kailai Han