Barclays Maintains Overweight on Utz Brands, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Andrew Lazar maintains an Overweight rating on Utz Brands (NYSE:UTZ) but lowers the price target from $23 to $19.
July 19, 2024 | 7:03 pm
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NEUTRAL IMPACT
Barclays analyst Andrew Lazar maintains an Overweight rating on Utz Brands but lowers the price target from $23 to $19. This suggests confidence in the company's long-term prospects but a more cautious short-term outlook.
The maintained Overweight rating indicates that Barclays still sees Utz Brands as a good investment, but the lowered price target suggests some short-term challenges or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100