Primo Brands price target lowered to $24 from $27 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on Primo Brands (PRMB) to $24 from $27 and keeps an Overweight rating on the shares. The firm adjusted targets in the consumer staples group as part of a Q1 preview. Barclays has “growing caution” on the group into the prints due to higher input costs. In food, there are now “building concerns” around the sustainability of the dividend for certain companies, the analyst tells investors in a research note.