Jefferies Initiates Coverage On Lancaster Colony with Hold Rating, Announces Price Target of $166
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Rob Dickerson has initiated coverage on Lancaster Colony (NASDAQ:LANC) with a Hold rating and set a price target of $166 for the company's stock.

November 27, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Jefferies has initiated coverage on Lancaster Colony with a Hold rating and a price target of $166, which may influence investors' perceptions and the stock's market performance.
The initiation of coverage by Jefferies with a Hold rating typically suggests a neutral outlook on the stock's performance. The price target of $166 provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news directly pertains to LANC. The importance is significant as analyst ratings can influence investor sentiment and stock price, but it is not at the highest level as the rating is neutral rather than a buy or sell. The confidence level is high due to the direct impact analyst coverage tends to have on stock performance, although market conditions and other factors could also affect the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100