BofA raised the firm’s price target on Primo Brands (PRMB) to $27 from $25 and keeps a Buy rating on the shares. The firm adjusted estimates following earnings and applies a slightly higher multiple, reflecting increased visibility on both topline and adjusted EBITDA for remainder of this year.
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Read More on PRMB:
- Primo Brands price target raised to $22 from $19 at Deutsche Bank
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