Evercore ISI Group Downgrades Hostess Brands to In-Line, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Palmer has downgraded Hostess Brands (NASDAQ:TWNK) from Outperform to In-Line, while raising the price target from $28 to $34.
September 13, 2023 | 3:59 pm
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NEUTRAL IMPACT
Hostess Brands has been downgraded to In-Line from Outperform by Evercore ISI Group, but the price target has been raised from $28 to $34.
The downgrade from Outperform to In-Line suggests that the analyst believes the stock will perform similarly to other stocks in the market, rather than outperforming them. However, the increase in price target from $28 to $34 indicates an expectation of potential upside for the stock. The net impact on the stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100