- Stephens analyst Ben Bienvenu downgraded Utz Brands Inc (NYSE:UTZ) to Equal Weight from Overweight with a price target of $18, down from $23, implying a 9.4% upside.
- Bienvenu notes that the company appears to set up to deliver lower than consensus EBITDA numbers in Q4 as margins pressures continue to linger.
- The analyst believes higher levels of inflation will persist into FY22, which will further pressure margins in the new year for Utz.
- Given the operating environment, Bienvenu thinks Utz shares look “increasingly more fairly valued.”
- Price Action: UTZ shares are trading lower by 3.06% at $16.48 on the last check Wednesday.
Here’s How Much $1000 Invested In Taiwan Semiconductor 15 Years Ago Would Be Worth Today
Taiwan Semiconductor (NYSE:TSM) has outperformed the market over the past 15 years by 8.79% on an annualized basis producing an average annual return of 15.22%. Currently, Taiwan Semiconductor has a market capitalization of $463.20 billion.
