UPDATE: Benchmark Starts Lancaster Colony (LANC) at Buy

Benchmark analyst Todd Brooks initiates coverage on Lancaster Colony (NASDAQ: LANC) with a Buy rating, PT $181.00.

The analyst comments "LANC possess an above average revenue growth profile for the packaged food industry. We see continued modest growth in owned brands combining with strong licensed product performance as drivers of highly visible mid-to-high single digit percentage revenue growth for at least the next several years, which is above the packaged food group peer average."

For an analyst ratings summary and ratings history on Lancaster Colony click here. For more ratings news on Lancaster Colony click here.

Shares of Lancaster Colony closed at $150.81 yesterday.

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