Duckhorn Portfolio price target lowered to $7 from $9 at JPMorgan

JPMorgan lowered the firm’s price target on Duckhorn Portfolio to $7 from $9 and keeps a Neutral rating on the shares ahead of the fiscal Q4 report on October 7. The firm slightly lowered fiscal 2025 estimates to reflect potential pressure on price and mix from higher promotions and slowing trends for Sonoma-Cutrer in tracked channels.

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