BofA analyst Peter Galbo lowered the firm’s price target on Primo Brands (PRMB) to $26 from $32 and keeps a Buy rating on the shares. Among the firm’s consumer staples coverage, BofA is “cutting estimates for topline and EPS almost universally” for Q3 with a few exceptions, the analyst tells investors in a preview for the packaged food, beverages, HPC and tobacco groups.
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