BofA lowered the firm’s price target on Utz Brands (UTZ) to $14 from $15 and keeps a Buy rating on the shares after the company provided preliminary Q4 results ahead of its fireside chat presentation at the ICR Conference. A modest multiple compression is “appropriate given recent operational hiccups that have weighed on near-term earnings visibility,” but the firm does not expect the Q4 inventory de-stock impact to persist into FY26, the analyst tells investors.
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