National Beverage price target lowered to $41 from $46 at UBS

UBS lowered the firm’s price target on National Beverage (FIZZ) to $41 from $46 and keeps a Sell rating on the shares. The firm’s estimates now reflect weaker performance in the tracked data, and now expects Q3 EPS of 44c vs. 45c previously, the analyst tells investors in a research note. Over the last several years, the shares have largely been range bound and the stock is trading at the low end of that range coupled with sentiment that continues to lean negative, the firm says. The set up into next week is “tricky,” and UBS thinks the risk/reward continues to skew to the downside.