Goldman Sachs Maintains Neutral on Utz Brands, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Madhu Kumar has maintained a Neutral rating on Utz Brands (NYSE:UTZ) but has reduced the price target from $19 to $17.
November 10, 2023 | 4:24 pm
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Goldman Sachs has maintained a Neutral rating on Utz Brands but lowered the price target from $19 to $17, indicating a potential downside based on the previous target.
The reduction in price target by a major analyst like Goldman Sachs suggests a less optimistic view on the stock's value, which could lead to a negative short-term reaction in the market. The Neutral rating indicates that the analyst does not see significant upside or downside potential, but the lowered target price could still influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100