Primo Brands price target raised to $35 from $33 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Primo Brands (PRMB) to $35 from $33 and keeps a Buy rating on the shares. Looking to 2025, the firm sees continued challenges ahead for most consumer packaged goods companies. The analyst maintains a net-constructive view on household personal care and cosmetics, is becoming more positive on bon-alcoholic beverage names, and taking a more cautious position on food.