Fly News Breaks for December 11, 2019
Dec 11, 2019 | 16:34 EDT
Deutsche Bank analyst Faiza Alwy resumed coverage of Hostess Brands with a Hold rating and $15 price target. The analyst notes that Metropoulos entities has focused on reviving the brand by upgrading its technological capabilities and improving its underutilized assets, along with investing in technology that would extend the shelf life of products and facilitating the company transition to a warehouse model. Alwy adds however that with the stock trading at nearly 14-times the expected next-12-months EBITDA, the potential upside of Hostess Brands' Sweet Baked Goods looks to be discounted.
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