Utz Brands price target raised to $24 from $22 at Piper Sandler

Piper Sandler raised the firm’s price target on Utz Brands (UTZ) to $24 from $22 and keeps an Overweight rating on the shares following third quarter earnings. Utz’s set-up for 2025 looks “good,’ and the company expects improving volume-driven organic growth momentum, helped in part by additional capacity to grow its kettle business, according to Piper. The firm told investors in a research note that it believes UTZ is well-positioned to achieve or beat its three-year objectives, driven by top-line gains and margin upside.