JPMorgan raised the firm’s price target on Primo Brands (PRMB) to $27 from $21 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q4 report. Primo reported “better-than-feared” results in its Direct Delivery business and its guidance “appears beatable,” the analyst tells investors in a research note.
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Read More on PRMB:
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