Utz Brands price target lowered to $19 from $20 at DA Davidson

DA Davidson lowered the firm’s price target on Utz Brands to $19 from $20 and keeps a Neutral rating on the shares. The firm is tweaking its estimates exiting the company’s Q4 results, reflective of lower revised FY24 organic sales amidst softer category volume trends, the analyst tells investors in a research note.