Why are Hedge Funds Keen on Primo Brands (PRMB)

Primo Brands Corporation (NYSE:PRMB) is one of the most promising mid-cap consumer staples stocks under $100. On January 8, Mizuho reaffirmed its Outperform rating on Primo Brands Corporation (NYSE:PRMB). The firm also lowered the target price for the stock from $28 to $24 as part of their broader revisions across the food production businesses in line with the 2026 outlook. It cited macroeconomic uncertainties and fundamental weakness across businesses as primary factors that will continue to take a toll ...