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Primo Brands ( (PRMB) ) has issued an update.
On May 19, 2025, Primo Brands Corporation announced the resignation of Kurtis Barker and Allison Spector from its Board of Directors following a decrease in ownership of the company’s Class A common stock by the ORCP Stockholders. The resignations, effective May 21, 2025, were not due to any disagreements with the company. Subsequently, the Board reduced its size to eleven directors, eliminating the vacancy for a Mutually Agreed Director as requested by the Initial ORCP Stockholder.
The most recent analyst rating on (PRMB) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Primo Brands stock, see the PRMB Stock Forecast page.
Spark’s Take on PRMB Stock
According to Spark, TipRanks’ AI Analyst, PRMB is a Neutral.
Primo Brands benefits from strong revenue growth and strategic initiatives, but profitability challenges and technical indicators suggest caution. Valuation concerns further moderate the overall outlook.
To see Spark’s full report on PRMB stock, click here.
More about Primo Brands
Average Trading Volume: 5,118,766
Technical Sentiment Signal: Buy
Current Market Cap: $11.92B
See more data about PRMB stock on TipRanks’ Stock Analysis page.