Truist Securities Downgrades Hostess Brands to Hold, Announces $34.25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bill Chappell has downgraded Hostess Brands (NASDAQ:TWNK) from Buy to Hold and set a price target of $34.25.
September 12, 2023 | 8:25 am
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NEGATIVE IMPACT
Hostess Brands has been downgraded from Buy to Hold by Truist Securities, with a new price target of $34.25.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100