Utz Brands, Inc. (UTZ, Financial) has been downgraded by TD Cowen from a "Buy" to a "Hold" rating. The financial firm has also adjusted its price target for the snack company, reducing it to $15 from the previous target of $17.
The downgrade reflects a cautious stance on Utz's future performance due to expected weakness in the salty snack category. Additionally, TD Cowen has lowered its organic sales growth predictions for the company to 2% for both 2025 and 2026. This adjustment is attributed to ongoing concerns over the sector and a diminishing likelihood of a takeover bid in the short term.
Investors and stakeholders are advised to consider these factors when evaluating the outlook for Utz Brands and its stock performance in the foreseeable future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Utz Brands Inc (UTZ, Financial) is $18.00 with a high estimate of $20.00 and a low estimate of $16.00. The average target implies an upside of 30.34% from the current price of $13.81. More detailed estimate data can be found on the Utz Brands Inc (UTZ) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Utz Brands Inc's (UTZ, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Utz Brands Inc (UTZ, Financial) in one year is $16.09, suggesting a upside of 16.51% from the current price of $13.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Utz Brands Inc (UTZ) Summary page.
