StoneX raises Third Coast Bancshares stock price target on acquisition

StoneX retained a Buy rating and a $160.00 price target for Marzetti Company (NASDAQ:MZTI) shares, indicating substantial upside potential from the current price of $100.86, which is near the stock's 52-week low of $97.00 following a 37% decline year-to-date. The firm recently held client meetings with Marzetti's senior management team on September 30, 2026, to discuss industry trends, retail segment performance, pricing strategies to counteract cost pressures, and the impact of the Bachan's acquisition, which StoneX views as a potential growth driver.

StoneX also raised its fiscal year 2028 estimates for the company, signaling a more optimistic outlook on the Bachan's brand's potential. The stock currently appears undervalued at its current price, trading at a P/E ratio of 14.47. Marzetti has a strong fundamentals record with 56 years of consecutive dividend payments and a yield of 3.98%.

Despite meeting Wall Street's earnings estimate for adjusted EPS of $1.46, the company's revenue of $465.0 million fell short of the anticipated $479.0 million. While gross profit, operating income, and margins improved, net sales declined by 2.2%. DA Davidson reduced its price target to $130, maintaining a Neutral rating, acknowledging Marzetti's margin execution improvements but noting softer sales.