JM Smucker (SJM) falls 7% after confirming $5.6 billion deal to buy Hostess Brands (TWNK)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
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
