Shares of Utz Brands (NYSE:UTZ) saw a notable increase on Monday, climbing over 5% after the company’s investor day last week, which led to positive feedback from analysts.

Analysts at RBC Capital, who maintained an Outperform rating on Utz, adjusted their price target for the stock upwards from $17 to $19 per share. They noted that the investor day exceeded their already optimistic expectations. RBC Capital highlighted Utz’s comprehensive growth plan presented at the event, including its three-year financial targets that indicate a potential to outperform current RBC and consensus estimates. The company’s future strategy will focus on expanding into new markets, transforming its supply chain, enhancing organizational capabilities, and improving its financial position.

Despite facing some near-term obstacles, RBC Capital is increasingly confident in the management of Utz and its efforts to transform the company into a leading entity in the snack industry, better equipped to compete with established market leaders.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?