Smucker 's plan to buy Twinkies -maker Hostess Brands is a risky move, if Morgan Stanley's latest research is correct.
The firm revisited its August call that a new class of weight loss medications would hamper growth at some food and beverage companies .
"Across our coverage, Numerator Insights data highlight that most center-store packaged food companies slightly over-index to consumers with obesity," Kaufman said.
Hostess stock soared 19% on the news.
Other food stocks with higher exposure to customers with obesity include Conagra , Kraft Heinz and Smucker, the report said, citing the Numerator data.
Persons:
Smucker, Morgan Stanley's, Ding Dongs, Morgan Stanley, Pamela Kaufman, Atkins, Nordisk's Wegovy, Kaufman, Kraft Heinz, — CNBC's Michael Bloom
Organizations:
Hostess Brands, Centers for Disease Control, Nordisk's
Locations:
U.S, GLP