Stephens lowered the firm's price target on Marzetti to $140 from $160 and keeps an Equal Weight rating on the shares after the company reported fiscal Q3 results below Street expectations. Marzetti "appears to be in a better position than initially feared on gross margin" with Bachan's accretion, productivity programs, pricing actions, and relief on select commodities, though some uncertainty remains in the out year, the analyst tells investors.
