Jefferies Increases Price Target on Primo Brands (PRMB)

4 days ago 4

Miko Ilas

Sun, March 8, 2026 astatine 10:48 AM CDT 2 min read

Primo Brands Corp. (NYSE:PRMB) is among the 10 astir undervalued stocks to bargain and clasp for 10 years. On February 27, Jefferies raised its terms people connected Primo Brands Corp. (NYSE:PRMB) to $24 from $20 portion maintaining a Hold rating. This terms standing alteration followed Primo Brands Corp. (NYSE:PRMB)’s 4th fourth study connected February 26, successful which the institution reported a 2.5% diminution successful nett income to $1.554 billion, arsenic good arsenic a important summation successful premium marque income and adjusted EBITDA, driven by a strategical absorption connected premium brands and operational improvements. The steadfast noted that the company’s fourth-quarter results exceeded expectations, adjacent arsenic its Direct Delivery conception declined 5.3% during the quarter.

In its note, Jefferies projected that Primo Brands Corp. (NYSE:PRMB) volition look challenges during the archetypal fractional of 2026, including a hard examination period, lawsuit losses cycling through, and further reinvestment. Meanwhile, during the 2nd fractional of 2026, Primo Brands Corp. (NYSE:PRMB) volition apt payment from nett additions anticipated to instrumentality to maturation successful the 2nd 4th and caller capableness coming online.

Jefferies Increases Price Target connected Primo Brands (PRMB)

Primo Brands Corp. (NYSE:PRMB) is simply a branded beverage institution with products distributed successful the U.S. and Canada. The institution besides provides h2o filtration units for location and concern consumers crossed North America.

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