Utz Brands initiated with a Buy at BTIG

BTIG initiated coverage of Utz Brands (UTZ) with a Buy rating and $10 price target The firm says the company offers “differentiated growth potential” relative to U.S. food sector. BTIG is positive on Utz’s geographic distribution, margin potential;, and free cash flow expansion. It finds the stock’s valuation metrics “dislocated and overly discounted.”