Market Overview

Upside in Flowers from Hostess Asset Purchases 'Uncertain, Unquantifiable, Well Down the Road' - DA Davidson

Share:
Related FLO
RBC Capital Technicians Like Financials And Tech, Sees Asset Managers Weakening
Benzinga's M&A Chatter for Wednesday September 9, 2015

DA Davidson's Tim Ramey believes potential upside for Flowers Foods related to speculation the company could buy assets from Hostess is "uncertain, unquantifiable, and, if possible at all, well down the road."

Ramey's comments follow a 15+% gain in shares of Flowers over the last week amid news of Hostess closing its doors due to labor issues.

The DA Davidson analyst said any EPS upside for Flowers related to the buying of Hostess assets would not be seen for at least two years after the process began.

Ramey has an Underperform rating and $14 price target on shares of Flowers Foods.

Latest Ratings for FLO

DateFirmActionFromTo
Jan 2016JefferiesMaintainsBuy
Jan 2016Deutsche BankMaintainsBuy
Dec 2015JefferiesInitiates Coverage onBuy

View More Analyst Ratings for FLO
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings

 

Related Articles (FLO)

View Comments and Join the Discussion!

Get Benzinga's Newsletters