Citigroup Maintains Buy on Duckhorn Portfolio, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexandra Davis maintains a Buy rating on Duckhorn Portfolio (NYSE:NAPA) but lowers the price target from $12.5 to $11.
March 11, 2024 | 3:57 pm
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Citigroup maintains a Buy rating on Duckhorn Portfolio but lowers the price target from $12.5 to $11.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100