RBC Capital Maintains Outperform on Duckhorn Portfolio, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained an Outperform rating on Duckhorn Portfolio (NYSE:NAPA) but lowered the price target from $23 to $19.
September 25, 2023 | 2:02 pm
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Duckhorn Portfolio's price target has been lowered from $23 to $19 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value in the short term. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market or its sector, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100