Perimeter Solutions price target lowered to $17 from $18 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Perimeter Solutions (PRM) to $17 from $18 and keeps an Overweight rating on the shares. Perimeter’s unique portfolio is levered to drivers, such as U.S. wildfire activity, that are largely uncorrelated with macroeconomic trends, insulating its earnings power from looming tariff and recession risks, contends the analyst, who still trimmed the firm’s price target for shares by 6% “out of conservatism.”