Fly News Breaks for December 3, 2019
Dec 3, 2019 | 12:00 EDT
JPMorgan analyst Ken Goldman maintained an Overweight rating on Hostess Brands (TWNK) and raised his price target on shares to $18 from $17 following the company's announcement that Hostess is acquiring Voortman's. The analyst likes the deal, and said it has the potential to be "meaningfully constructive to Hostess' financial results over the next few years." He sees Hostess as an "underapprciated growth story" in the consumer staples space, citing its organic revenue growth prospects, its business model, and its bottom line expansion.
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