BMO Capital Lowers PT on Primo Brands (PRMB) Stock

Primo Brands Corporation (NYSE:PRMB) is one of the Best FMCG Stocks to Invest In According to Analysts. On January 23, BMO Capital analyst Andrew Strelzik reduced the firm’s price target on the company’s stock to $35 from $39, while keeping an “Outperform” rating, as reported by The Fly. The firm’s reduction in the price objective reflects conservative estimates for Q4 2025 and 2026. This demonstrates current investments towards the business stabilization that are continuing in H1 2026.

Another factor that resulted in price reduction was the slower-than-expected recovery in Primo Brands Corporation (NYSE:PRMB)’s customer direct business. That being said, the firm also added that the trajectory of the company’s customer direct business continues to improve, despite the progress taking place at a slower pace than expected. As per the firm, 2026 will be the year Primo Brands Corporation (NYSE:PRMB) solves its transitory integration issues, establishing the growth trajectory.

In a separate release, Mizuho reduced its price objective on Primo Brands Corporation (NYSE:PRMB)’s stock to $24 from $28, while keeping an “Outperform” rating. Notably, the firm made adjustments to its targets across the broader food producers’ space in relation to the 2026 outlook.

Primo Brands Corporation (NYSE:PRMB) is a leading North American branded beverage company, which an emphasis on healthy hydration. It offers domestically sourced diversified offerings throughout products, formats, channels, price points and consumer occasions. The company also has an industry-leading line-up of innovative water dispensers.

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Disclosure: None. This article is originally published at Insider Monkey.