Lancaster Colony price target lowered to $227 from $232 at Loop Capital

Loop Capital lowered the firm’s price target on Lancaster Colony (LANC) to $227 from $232 and keeps a Buy rating on the shares. The firm cites the company’s “modest” Q1 earnings and revenue miss due to the lighter-than-expected retail segment volumes, the analyst tells investors in a research note. Loop remains positive on the stock however given the company’s attractive growth profile especially within its licensed retail product business and its history as one of only 13 U.S. companies with 60 straight years of regular cash dividend increases.