DA Davidson raised the firm’s price target on Lancaster Colony (LANC) to $207 from $192 and keeps a Neutral rating on the shares. Heading into its Q2 results, the firm had underappreciated the extent to which Lancaster is unaffected by mounting headwinds and concerns weighing on broader Food, the analyst tells investors in a research note. Given its increased confidence exiting the quarter, DA Davidson believes the company can continue to run counter to industrywide volume pressures and is less susceptible to broader headwinds / risks such as GLP-1, Make America Healthy Again, tariffs, rates, the firm added.
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Read More on LANC:
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