RBC Capital Maintains Outperform on Utz Brands, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained an Outperform rating on Utz Brands (NYSE:UTZ) and increased the price target from $19 to $23, indicating a positive outlook on the company's stock.
May 03, 2024 | 4:42 pm
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RBC Capital has maintained an Outperform rating on Utz Brands and raised the price target from $19 to $23, suggesting a strong confidence in the company's future performance.
The increase in price target by RBC Capital reflects a positive assessment of Utz Brands' future prospects, likely due to strong financial performance or strategic initiatives that could drive the stock price higher. This analyst rating can influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100