TD Cowen lowered the firm’s price target on Utz Brands (UTZ) to $12 from $14 and keeps a Hold rating on the shares. The firm said the company posted a beat and raised on sales but maintained EBITDA guidance due to one-time cost issues and signaled a margin headwind for 2026 from upfront costs associated with acquiring DSD assets in California to enable expansion.
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Read More on UTZ:
- Utz Brands price target lowered to $11.50 from $13.50 at UBS
- Utz Brands Reports Q3 2025 Results and Expansion Plans
- UTZ Brands: Strong Sales Growth Offset by Margin Pressures and Strategic Investments Justifying Hold Rating
- Utz Brands Reports Q3 Sales Growth and Expansion
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