Primo Brands Upgraded to Buy by Jefferies on Growth and Valuation Appeal
Financial Modeling Prep·2026-03-27 16:18
Jefferies upgraded Primo Brands Corp. (NYSE: PRMB) to Buy from Hold and assigned a $25 price target, with shares rising more than 2% in pre-market trading Friday. The firm said Primo offers a compelling combination of value, growth potential, and earnings visibility. Entering 2026 on stronger footing, the company’s narrative appears to be shifting from stabilization toward optimization, with increased focus on retail growth opportunities. Jefferies highlighted multiple growth drivers supporting the business ...