Barclays lowered the firm’s price target on Duckhorn Portfolio to $11 from $13 and keeps an Overweight rating on the shares following a Q2 miss and softer outlook. The firm notes Duckhorn Portfolio cut its FY24 guidance, with the new midpoints for sales and EPS MSD below where consensus was heading into the print.
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Read More on NAPA:
- Duckhorn Portfolio price target lowered to $15 from $17 at RBC Capital
- Duckhorn Portfolio sees FY24 EPS 63c-65c, consensus 66c
- Duckhorn Portfolio reports Q2 EPS 18c, consensus 18c
- Duckhorn Portfolio downgraded to Underperform from Neutral at BofA
- Duckhorn Portfolio’s 2024 Annual Meeting Results Announced