Utz Brands price target lowered to $19 from $21 at Mizuho

Mizuho lowered the firm’s price target on Utz Brands (UTZ) to $19 from $21 and keeps an Outperform rating on the shares. The firm says fundamentals are weakening and the outlook is “more challenged” for the food producers. Food industry volume is eroding for many categories despite moderating inflation and stabilizing leftovers consumption, the analyst tells investors in a research note.