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Duckhorn Portfolio downgraded to Hold from Buy at Jefferies

Duckhorn Portfolio downgraded to Hold from Buy at Jefferies

Jefferies downgraded Duckhorn Portfolio (NAPA) to Hold from Buy with an unchanged price target of $11. Butterfly Equity’s acquisition of Duckhorn for $11.10 per share remains pending with its “go-shop” period having expired on November 20, the analyst tells investors in a research note. The firm expects the deal to close this winter.

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