Jefferies analyst Kaumil Gajrawala initiated coverage of Duckhorn Portfolio with a Buy rating and $13 price target. The firm says Duckhorn is a high-quality growth asset trading at a discount to peers. The company operates exclusively in the growing premium wine category, is gaining distribution and levering costs, the analyst tells investors in a research note.
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Read More on NAPA:
- Duckhorn Portfolio price target lowered to $12 from $14 at Barclays
- Duckhorn Portfolio price target lowered to $14 from $16 at Barclays
- Consumer risks to remain overhang on Duckhorn shares, says BMO Capital
- Duckhorn Portfolio guides initial FY24 EPS 67c-69c, consensus 70c
- Duckhorn Portfolio reports Q4 EPS 15c, consensus 13c
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