Barclays Maintains Overweight on Duckhorn Portfolio, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Overweight rating on Duckhorn Portfolio (NYSE:NAPA) but lowers the price target from $16 to $14.
September 29, 2023 | 10:15 am
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Barclays maintains an Overweight rating on Duckhorn Portfolio but lowers the price target from $16 to $14.
The lowering of the price target by Barclays from $16 to $14 indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that Barclays still sees the stock as a good investment, albeit at a lower price point. This could lead to short-term downward pressure on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100