Hostess Brands (TWNK) to Be Acquired by the J.M. Smucker Co. (SJM) for Approximately $5.6 Billion
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Wall St set for higher open after Micron revives AI optimism, upbeat economic data
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
Morgan Stanley on J.M. Smucker (SJM) Buying Hostess (TWNK): 'longer-term risks to TWNK's demand from growing use of anti-obesity medicines'
September 11, 2023 12:46 PM EDTMorgan Stanley analyst Pamela Kaufman reiterated an Equalweight rating and $151.00 price target on J.M. Smucker (NYSE: SJM).
The analyst comments "TWNK offers an attractive growth outlook. TWNK holds the second highest market share (20%) in the $9.3 bn US sweet snacks category, which has grown at a 4.5% CAGR since 2014 and experienced accelerating growth of a 9% CAGR over the last four years due to shifting consumer preferences towards indulgent snacking. The sweet... More
