Morgan Stanley analyst Eric A. Serotta initiated coverage of Primo Brands (PRMB) with an Overweight rating and $38 price target Recent weakness presents an attractive long-term entry point in this attractive consumer packaged goods growth story aligned with health and wellness trends, boosted by cost synergies and an improved industry structure, the analyst tells investors in a research note. The firm believes short-term challenges are priced in.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRMB:
- Weather-Driven Sales Outlook: Peter Galbo Reiterates Buy Rating for Primo Brands Amid Favorable Climate Forecasts
- Primo Water Corp call volume above normal and directionally bullish
- Primo Brands price target lowered to $38 from $40 at Barclays
- TD urges long-term view on Primo Brands after Nielsen data
- Primo Brands initiated with an Overweight at Barclays