UBS downgraded Perimeter Solutions (PRM) to Neutral from Buy with a price target of $31, up from $30. After a 120% increase in the stock over the last year, 2026 could be more of a transition year for Perimeter, the analyst tells investors in a research note. UBS says that based on a more typical retardant usage versus an average season, it does not see as much volume improvement into a more normalized fire season for the company.
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