Barclays analyst Lauren Lieberman lowered the firm’s price target on Duckhorn Portfolio to $12 from $14 and keeps an Overweight rating on the shares. While volumes have been the prevailing narrative in staples for several months now, the risk of GLP-1s as a secular headwind and the cyclical drag of higher rates “have taken center stage in the past week,” the analyst tells investors in a research note. The firm changed the price target in a preview of the sector’s Q3 earnings reports.
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Read More on NAPA:
- 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
- Duckhorn Portfolio chairman, CEO Alex Ryan retires
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