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Fly News Breaks for August 8, 2018
WMT, TWNK
Aug 8, 2018 | 07:30 EDT
As reported earlier, RBC Capital analyst David Palmer downgraded Hostess Brands (TWNK) to Sector Perform from Outperform and lowered his price target to $14 from $18 after its Q2 earnings miss and reduced FY18 guidance. The analyst points to the company's lower visibility around the second-half of 2018 and 2019 organic sales and profit growth because of reduced promotional activity at Walmart (WMT), rising costs, slower category growth, and delayed Cloverhill acquisition synergies.
News For TWNK;WMT From the Last 2 Days
WMT
Apr 19, 2024 | 15:20 EDT
