Utz Brands price target raised to $23 from $20 at Barclays

Barclays analyst Andrew Lazar raised the firm’s price target on Utz Brands to $23 from $20 and keeps an Overweight rating on the shares. The firm says greater productivity generation is enabling a larger than planned level of marketing reinvestment, which along with incremental distribution in expansion markets and a “prudent” expectation for salty snack category growth, give it confidence in Utz’s volume-led sales growth.