Utz Brands price target lowered to $17 from $18 at BofA

BofA analyst Peter Galbo lowered the firm’s price target on Utz Brands (UTZ) to $17 from $18 and keeps a Buy rating on the shares as the firm lowered estimates to reflect today’s financial outlook for 2025. However, the firm believes its rating and revised target is “properly reflecting” the company’s attractive fundamentals balanced against headwinds negatively impacting the salty snacks industry, the analyst tells investors.