Utz Brands price target lowered to $16 from $17 at Barclays

Barclays lowered the firm’s price target on Utz Brands (UTZ) to $16 from $17 and keeps an Overweight rating on the shares. The firm says that despite the ongoing salty snack category “malaise,” it has remained bullish on Utz shares, believing the company’s growth is far less reliant on overall category growth trends given its “significant idiosyncratic whitespace distribution opportunities” in its expansion markets. The analyst remains “encouraged” with recent measured channel tracking data but shifted some EBITDA from Q2 to the second half of 2025 to better reflect Utz’s phasing of investment spend and year ago comparisons.