Consumer risks to remain overhang on Duckhorn shares, says BMO Capital

BMO Capital keeps a Market Perform rating and $14 price target on Duckhorn Portfolio after its Q4 results and initial FY24 guidance. The company’s revenue growth below its long-term target, largely reflecting prudence in an uncertain environment as it noted no consumer behavior impacts to date, the analyst tells investors in a research note. BMO added that consumer risks may remain an overhang to shares, though it also sees risk/reward on Duckhorn Portfolio skew higher.