Utz Brands: Spotlight On Growth Outlook And Potential M&A (Rating Downgrade) [Seeking Alpha]
Utz Brands Inc Class A (UTZ)
Company Research
Source: Seeking Alpha
Summary UTZ has recently revised its FY 2024 organic sales expansion guidance from +3.0% to +2.0%-2.5%, as the company's rivals have become more aggressive in terms of promotions and pricing. But there is upside potential associated with Utz Brands pertaining to M&A; UTZ might either become a takeover target or buy over other companies to enhance its inorganic growth prospects. I have revised my rating for UTZ from a Buy to a Hold, and I have considered the company's growth outlook and potential M&A transactions in making this decision. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » RiverNorthPhotography My investment rating for Utz Brands, Inc. NYSE: UTZ ) stock is downgraded from a Buy to a Hold. Utz Brands' near-term growth outlook has become less favorable with the company lowering its full-year organic sales growth guidance, and this justifies a rating downgrade. But there is upside potential associated
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UTZ
News
- Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20 [Yahoo! Finance]Yahoo! Finance
- Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20Business Wire
- Utz Brands, Inc. (NYSE: UTZ) had its price target lowered by analysts at Mizuho from $24.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Utz Brands, Inc. (NYSE: UTZ) had its price target raised by analysts at Piper Sandler from $22.00 to $24.00. They now have an "overweight" rating on the stock.MarketBeat
- Is It Too Late To Consider Buying Utz Brands, Inc. (NYSE:UTZ)? [Yahoo! Finance]Yahoo! Finance
UTZ
Earnings
- 10/31/24 - Beat
UTZ
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- UTZ's page on the SEC website