Jefferies Downgrades Hostess Brands to Hold, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Rob Dickerson has downgraded Hostess Brands (NASDAQ:TWNK) from Buy to Hold, while raising the price target from $30 to $34.
September 14, 2023 | 9:11 am
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NEUTRAL IMPACT
Hostess Brands has been downgraded to Hold from Buy by Jefferies, but the price target has been raised to $34 from $30.
The downgrade from Buy to Hold suggests that Jefferies sees limited upside potential for Hostess Brands in the near term. However, the raised price target indicates that they still see some growth potential. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100