Truist Securities Maintains Hold on Utz Brands, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bill Chappell has maintained a Hold rating on Utz Brands (NYSE:UTZ) but reduced the price target from $18 to $13.
November 10, 2023 | 2:51 pm
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NEGATIVE IMPACT
Truist Securities has maintained a Hold rating on Utz Brands but lowered the price target from $18 to $13, indicating a potential downside compared to the previous target.
The reduction in price target by Truist Securities suggests that they see less upside potential for Utz Brands, which could lead to negative sentiment among investors and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100