Marzetti price target lowered to $179 from $193 at DA Davidson

DA Davidson lowered the firm’s price target on Marzetti (MZTI) to $179 from $193 and keeps a Neutral rating on the shares ahead of its Q1 results. The firm notes further multiple contraction across Food, but while an outlook for low single digit net sales yielding mid single digit earnings growth in FY26 seems reasonable, beyond that, trade and policy risk exposure is limited while M&A readiness invites optionality, the analyst tells investors in a research note.