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TD cuts Primo Brands target, calls earnings selloff ‘irrational’

TD Securities lowered the firm’s price target on Primo Brands (PRMB) to $35 from $48 and keeps a Buy rating on the shares. The company reduced 2025 guidance to reflect the Q2 miss tied to one-time items, the analyst tells investors in a research note. The firm views the 9% post-earnings selloff as “irrational” and sees a “compelling” risk/reward opportunity at current share levels. As such, TD moved Primo to the top of its pecking order.

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