Needham Initiates Coverage On Utz Brands with Buy Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Matt McGinley has initiated coverage on Utz Brands (NYSE:UTZ) with a Buy rating and set a price target of $20.
January 03, 2024 | 3:05 pm
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POSITIVE IMPACT
Needham has initiated coverage on Utz Brands with a Buy rating and a price target of $20, which may positively influence investor sentiment and the stock price.
Analyst ratings, especially initiations of coverage with a Buy rating, can lead to increased investor confidence and a potential rise in stock price. The price target of $20 suggests a positive outlook for UTZ's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100