Marzetti price target lowered to $160 from $180 at Stephens

Stephens lowered the firm’s price target on Marzetti (MZTI) to $160 from $180 and keeps an Equal Weight rating on the shares. Margins should remain supported by operating leverage and mix benefits, though there is increased uncertainty tied to commodity costs, says the analyst, who ultimately believes the bull case hinges on successful execution of the Bachan’s integration and “solid consumer engagement.”