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Fly News Breaks for May 9, 2019
TWNK
May 9, 2019 | 06:18 EDT
JPMorgan analyst Ken Goldman added Hostess Brands to his firm's Analyst Focus List as a growth strategy pick and raised his price target for the shares to $16 from $14, which represents 23% upside. Hostess is gaining meaningful business in non-measured channels, Goldman tells investors in a research note following the company's Q1 results. He views the revenue beat as "impressive" and keeps an Overweight rating on the shares.
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