Mizuho Initiates Coverage On Utz Brands with Buy Rating, Announces Price Target of $19
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst John Baumgartner has initiated coverage on Utz Brands (NYSE:UTZ) with a Buy rating and set a price target of $19 for the company's stock.
December 20, 2023 | 4:59 pm
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Mizuho analyst John Baumgartner has given Utz Brands a Buy rating and a price target of $19, indicating a positive outlook for the stock.
Analyst ratings can significantly influence investor sentiment and stock prices. A Buy rating from a reputable analyst like John Baumgartner suggests a positive performance expectation for Utz Brands in the market. The announcement of a price target higher than the current trading price typically indicates an anticipated increase in the stock's value, which could lead to a short-term rise in the stock price as investors react to the news.
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IMPORTANCE 85
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