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UTZ Brands (UTZ) Receives a Buy from Bank of America Securities

Tipranks - Tipranks - Sat Apr 11, 5:46AM CDT

Bank of America Securities analyst Peter Galbo reiterated a Buy rating on UTZ Brands today and set a price target of $11.00.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, General Mills, and McCormick & Company. According to TipRanks, Galbo has an average return of -0.3% and a 46.06% success rate on recommended stocks.

In addition to Bank of America Securities, UTZ Brands also received a Buy from RBC Capital’s Nik Modi in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on UTZ Brands (NYSE: UTZ).

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Based on UTZ Brands’ latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $342.2 million and a GAAP net loss of $2.5 million. In comparison, last year the company earned a revenue of $341.05 million and had a net profit of $2.31 million

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