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Hostess Brands downgraded to Equal Weight from Overweight at Stephens

Stephens downgraded Hostess Brands (TWNK) to Equal Weight from Overweight with a price target of $34.25, up from $32, after J.M. Smucker (SJM) announced an agreement to purchase Hostess Brands for $34.25 per share in a cash and stock deal. The firm believes the deal “represents a well executed sale,” the analyst tells investors.

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