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Stock impact report

What Makes Primo Brands (PRMB) So Attractive [Yahoo! Finance]

Primo Brands Corporation Class A (PRMB) 
Company Research Source: Yahoo! Finance
On February 27, Nik Modi from RBC Capital increased the firm's price target on Primo Brands Corporation (NYSE:PRMB) from $26 to $29. The analyst maintained an Outperform rating on the shares, which now offer a revised upside potential of more than 54%. Africa Studio/Shutterstock.com Modi noted that the company delivered better-than-expected fourth-quarter results, driven by less severe declines in its delivery business. The analyst added that the performance marks a step in the right direction and increases confidence in the company's recovery. On February 27, JPMorgan also increased its price target on Primo Brands Corporation (NYSE:PRMB) from $21 to $27. The firm reiterated an Overweight rating on the stock, which yields an adjusted potential upside of almost 44% at the current level. The revisions came in response to the company's fourth quarter report, after which the firm revised its model. Primo's Direct Delivery segment produced better-than-expected profits, and its gu Show less Read more
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