Evercore ISI downgraded Hostess Brands (TWNK) to In Line from Outperform with a price target of $34, up from $28, after the company agreed to be acquired by J.M. Smucker (SJM) for $5.6B in a cash and stock deal.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TWNK:
- Hostess Brands initiated with a Market Perform at TD Cowen
- Hostess Brands put volume heavy and directionally bearish
- CVS upgraded, RTX downgraded: Wall Street’s top analyst calls
- J.M. Smucker price target lowered to $137 from $153 at JPMorgan
- Hostess Brands downgraded to Equal Weight from Overweight at Stephens
