Utz Brands shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $19 to $22.
Portfolio Pulse from Benzinga Newsdesk
Utz Brands' stock price increased following an upgrade by B of A Securities from Neutral to Buy, with a raised price target from $19 to $22.
March 14, 2024 | 1:12 pm
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POSITIVE IMPACT
Utz Brands' stock price is likely to experience a short-term increase following the upgrade by B of A Securities and the raised price target.
Stock upgrades by reputable financial institutions like B of A Securities typically lead to a positive short-term reaction in the stock market. The increase in the price target from $19 to $22 suggests a strong confidence in the company's future performance, likely encouraging investors to buy shares, thus driving up the price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100