DA Davidson lowered the firm’s price target on Marzetti (MZTI) to $168 from $184 and keeps a Neutral rating on the shares. The firm is bullish on potential value creation from Bachan’s and believes the company has levers to increase margins but it also believes that the consumer is wary, food consumption is decelerating, and Marzetti share is slowing, the analyst tells investors in a research note.
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