TD Cowen downgraded Utz Brands (UTZ) to Hold from Buy with a price target of $15, down from $17. The firm reduced both its 2025 and 2026 organic sales growth estimates to up 2% to reflect concerns for persistent salty snack category weakness and a lower probability of a takeout in the near term.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UTZ:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue