Lancaster Colony price target lowered to $232 from $236 at Loop Capital

Loop Capital lowered the firm’s price target on Lancaster Colony to $232 from $236 and keeps a Buy rating on the shares. The company reported a solid EPS and gross margin in Q4 despite top-line pressure from deflationary pricing pass-through in Foodservice, though the firm is reducing its price target to reflect higher SG&A spending assumptions, the analyst tells investors in a research note.