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, 9/7/2026
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
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
