Barclays lowered the firm’s price target on Duckhorn Portfolio to $14 from $16 and keeps an Overweight rating on the shares. The company’s fiscal 2024 guidance implies healthy mid-single-digit sales growth with the flow through to the bottom line “somewhat limited” by an uptick in interest expense associated with its Geyserville acquisition, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NAPA:
- 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
- Options Volatility and Implied Earnings Moves Today, September 27, 2023
Questions or Comments about the article? Write to editor@tipranks.com