Consumer Edge downgraded Hostess Brands (TWNK) to Equal Weight from Overweight with a $32.75 price target after J.M. Smucker (SJM) agreed to acquire all of the outstanding shares of Hostess in a cash and stock transaction.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TWNK:
- J.M. Smucker price target lowered to $135 from $157 at Deutsche Bank
- Hostess Brands downgraded to Hold from Buy at Truist
- J.M. Smucker (NYSE:SJM) Acquires Twinkies-Owner Hostess Brands in a $5.6 Billion Deal
- Hostess Brands jumps 17% to $32.98 after J.M. Smucker acquisition proposal
- The J. M. Smucker Co. to Acquire Hostess Brands to Accelerate Focus on Convenient Consumer Occasions