Utz Brands price target raised to $21 from $18 at Piper Sandler

Piper Sandler raised the firm’s price target on Utz Brands to $21 from $18 and keeps an Overweight rating on the shares. The firm believes Utz is well-positioned to achieve its growth targets in 2024, driven by its top- line momentum and productivity initiatives. Piper expects sustainable distribution momentum to continue, both geographically and by channel.