Utz Brands price target raised to $18 from $16 at Barclays

Barclays raised the firm’s price target on Utz Brands to $18 from $16 and keeps an Overweight rating on the shares. Last week’s analyst day “further substantiated our long-standing bullish view” on UTZ based on its position in the “advantaged” salty snack category, unique white space in distribution and significant margin runway, the analyst tells investors.