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RBC Capital Raises its Price Target on Primo Brands Corporation (PRMB) to $29 and Maintains an Outperform Rating
Yahoo Finance· 2026-03-05 20:28
Core Insights - Primo Brands Corporation (NYSE:PRMB) is recognized as one of the 10 Fastest Growing NYSE Stocks to Buy [1] - The company reported strong Q4 results, with adjusted EPS of 26 cents, up from 13 cents the previous year, and revenue of $1.554 billion compared to $1.397 billion last year [3] Analyst Ratings - RBC Capital raised its price target for Primo Brands to $29 from $26, maintaining an Outperform rating, citing solid upside to estimates and improved confidence in the company's recovery [2] - JPMorgan also increased its price target for Primo Brands to $27 from $21, keeping an Overweight rating, noting better-than-expected results in the Direct Delivery business [3] Company Overview - Primo Brands operates as a branded beverage company in North America, offering products such as water dispensers, direct delivery of refillable bottles, a pre-filled water exchange program, water filtration appliances, and self-service water refill stations [4]