Citigroup Downgrades Hostess Brands to Neutral, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jonmichael Shekian has downgraded Hostess Brands (NASDAQ:TWNK) from Buy to Neutral, while raising the price target from $32 to $34.
October 16, 2023 | 2:23 pm
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NEUTRAL IMPACT
Citigroup has downgraded Hostess Brands and raised its price target. This could lead to mixed market reactions.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company, which could negatively impact the stock price. However, the raised price target suggests that the analyst still sees potential for growth, which could have a positive effect. The net impact is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100