Is Primo Brands Corporation (PRMB) The Consumer Defensive Stock to Buy According to Analysts?

Group 1: Primo Brands Corporation Overview - Primo Brands Corporation (NYSE:PRMB) is recognized as a consumer defensive stock with a 'Buy' rating from 80% of analysts covering the stock, indicating strong market confidence [1] - The target price for PRMB ranges from $18 to $42, with a median price target of $27 suggesting an upside potential of approximately 68% [1] - Analyst Nik Modi from RBC Capital reaffirmed a 'Buy' rating with a price target of $30, indicating an upside potential of about 82% from the current price level [2] Group 2: Company Strategy and Financial Health - The company is focused on reducing its debt to a medium-term net leverage target of 2.0 to 2.5 times, down from 3.37 times at the end of the third quarter, reflecting a commitment to financial stability [4] - Management anticipates improved operating conditions entering 2026, driven by a favorable tariff environment [4] Group 3: Market Position and Brand Portfolio - Primo Brands Corporation is a Connecticut-based branded beverage company operating under various names, including Primo Water, Mountain Valley, and Deer Park [5]