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Fly News Breaks for June 19, 2019
TWNK
Jun 19, 2019 | 16:39 EDT
DA Davidson analyst Brian Holland initiated coverage of Hostess Brands with a Buy rating and $16 price target. Recent headwinds from the leadership turnover, dilutive acquisitions, and lower mass channel promotional support are now largely behind the company, Holland tells investors in a research note. Further, these have created achievable expectations over the next two years, adds the analyst.
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