Lancaster Colony price target lowered to $195 from $200 at Stephens

Stephens lowered the firm’s price target on Lancaster Colony (LANC) to $195 from $200 and keeps an Equal Weight rating on the shares after the company reported fiscal Q3 results that were below expectations on the top and bottom lines. The biggest headwind to sales growth currently is declining consumer sentiment, but should that improve, the firm believes there is upside to FY26 numbers, the analyst tells investors.