Raymond James downgraded Primo Water to Outperform from Strong Buy with an unchanged price target of $21. The analyst says “the easy money has been made: with the shares up 19% year-to-date. There is still upside to the price target, but less than before the recent rally, says the firm, which would prefer to see a pickup in acquisitions before increasing the target.
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Read More on PRMW:
- Primo Water (PRMW) Declares Q1 Dividend: Important Details for Shareholders
- Primo Water sees FY24 revenue $1.84B-$1.88B, consensus $2.07B
- Primo Water sees Q1 revenue $435M-$445M, consensus $512.67M
- Primo Water Announces Dividend of $0.09 per Share
- Primo Water reports Q4 adjusted EPS 12c, consensus 17c
