BMO Capital Lowers PT on Primo Brands (PRMB) Stock

Core Viewpoint - Primo Brands Corporation (NYSE:PRMB) is recognized as a promising FMCG stock, although recent price targets have been adjusted downward by analysts due to conservative estimates for future performance [1][3]. Group 1: Price Target Adjustments - BMO Capital analyst Andrew Strelzik reduced the price target for Primo Brands' stock from $39 to $35 while maintaining an "Outperform" rating, reflecting conservative estimates for Q4 2025 and 2026 [1]. - Mizuho also lowered its price objective for Primo Brands from $28 to $24, while keeping an "Outperform" rating, indicating adjustments across the broader food producers' sector in relation to the 2026 outlook [3]. Group 2: Business Performance Insights - The slower-than-expected recovery in Primo Brands' customer direct business contributed to the price target reductions, although improvements in this area are still noted [2]. - Analysts project that 2026 will be a pivotal year for Primo Brands as it addresses transitory integration issues, which is expected to establish a growth trajectory for the company [2]. Group 3: Company Overview - Primo Brands Corporation is a leading North American branded beverage company focused on healthy hydration, offering a diverse range of products and innovative water dispensers [4].