Truist Securities Maintains Hold on Utz Brands, Lowers Price Target to $13-Report released on 9th Nov 2023
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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Truist Securities maintains a Hold rating on Utz Brands and lowers the price target from $18 to $13.
The reduction in price target by Truist Securities could lead to a negative sentiment among investors, potentially causing a short-term decline in UTZ's stock price. The Hold rating indicates that the analyst does not see significant upside or downside in the near term, but the lowered price target suggests a revision of the expected stock performance, which is typically a bearish signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100