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Fly News Breaks for October 1, 2018
TWNK
Oct 1, 2018 | 07:42 EDT
Stephens analyst Farha Aslam reiterated an Overweight rating and $15 price target on Hostess Brands, telling investors in a research note that shares have been weak given challenging market conditions in the baked sweet goods category and losses related to the new Cloverhill bakery. Aslam expects the baked sweet goods category to remain competitive, but acknowledges that new CEO Andy Callahan has re-based earnings to a level that is likely achievable in fiscal 2018. She views the turnaround at the Cloverhill bakery as a significant earnings driver and a meaningful long-term positive
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