Utz Brands price target raised to $19 from $17 at RBC Capital

RBC Capital raised the firm’s price target on Utz Brands to $19 from $17 and keeps an Outperform rating on the shares. The company’s Analyst Day presentation of its 3-year financial targets exceeded the firm’s already “bullish” expectations, with the strategy that will revolve around penetrating expansion geographies, transforming the supply chain, developing enhanced organizational capabilities, and improving its balance sheet, the analyst tells investors in a research note.