Key Takeaways From Utz Brands Analyst Ratings
Portfolio Pulse from Benzinga Insights
Utz Brands (NYSE:UTZ) received a mix of analyst ratings over the last quarter, with 1 bullish, 7 somewhat bullish, and 3 indifferent. The average 12-month price target among 11 analysts is $16.18, with a high of $19.00 and a low of $13.00. Analysts have decreased the average price target by 13.84%. Key analysts from firms like Piper Sandler, RBC Capital, and Goldman Sachs have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Utz Brands is a snack food manufacturer with a diverse product portfolio and has shown a positive revenue trend with a growth rate of 2.49% as of September 30, 2023.
December 18, 2023 | 3:39 pm
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Utz Brands has received mixed analyst ratings with a decreased average price target, indicating a cautious outlook from analysts. The company has shown positive revenue growth but faces challenges with debt management and return on equity.
The mixed analyst ratings and the reduction in the average price target suggest a neutral to slightly cautious sentiment among analysts, which could lead to a neutral short-term impact on UTZ's stock price. The positive revenue trend is a good sign, but concerns about debt and ROE may temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100