Lancaster Colony price target lowered to $200 from $205 at Stephens

Stephens analyst Jim Salera lowered the firm’s price target on Lancaster Colony to $200 from $205 and keeps an Equal Weight rating on the shares after the company reported Q4 results that were modestly below consensus on the top and bottom line. While stating that FY25 “looks modestly softer than previously expected,” the firm adds that slight improvements in the economic environment “could lay the groundwork for a catalyst path to form as fiscal 2025 progresses.”