UPDATE: Hilliard Lyons Initiates Coverage on Lancaster Colony with Neutral Rating on Good Portfolio

In a report published Wednesday, Hilliard Lyons initiated coverage on Lancaster Colony Corp. (NASDAQ: LANC) with a Neutral rating.

Hilliard Lyons noted, “We consider LANC a well-run, mid-cap operator in the Packaged Foods industry and Consumer Staples sector. We like the company's portfolio of high quality food brands (including Marzetti, Sister Schubert's, and New York) as well as its history of good operating execution and strong financial management.”

Lancaster Colony Corp. closed on Tuesday at $73.65.