William Blair analyst Jon Andersen has reiterated their bullish stance on PRMB stock, giving a Buy rating on February 14.
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Jon Andersen has given his Buy rating due to a combination of factors that point to a strong outlook for Primo Brands. The company recently reported robust fourth-quarter and full-year results, showcasing its solid performance. Additionally, the management has set forth initial guidance for 2025 that exceeds previous market expectations, signaling confidence in continued growth.
Jon Andersen is optimistic about Primo Brands’ focus on the healthy hydration sector in North America, which positions it well in a growing market segment. This strategic focus, combined with the company’s recent financial achievements and promising future projections, underpins his positive outlook and Buy recommendation for the stock.
In another report released on February 14, RBC Capital also maintained a Buy rating on the stock with a $38.00 price target.