Lancaster Colony price target raised to $200 from $196 at Stephens

Stephens analyst Jim Salera raised the firm’s price target on Lancaster Colony (LANC) to $200 from $196 and keeps an Equal Weight rating on the shares after the company reported fiscal Q2 results that were ahead of expectations on the top and bottom lines. Accelerating sales in the foodservice segment hinges on a pickup in quick service restaurant traffic, which “could be achievable if consumer sentiment and spending patterns gradually improve throughout calendar 2025,” the analyst tells investors.