RBC Capital Maintains Sector Perform on Premium Brands Hldgs, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sabahat Khan has maintained a 'Sector Perform' rating on Premium Brands Holdings (PRBZF) but lowered the price target from $103 to $99.
March 18, 2024 | 5:08 pm
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RBC Capital maintains a 'Sector Perform' rating on Premium Brands Holdings, with a reduced price target from $103 to $99.
The reduction in the price target by RBC Capital, despite maintaining the 'Sector Perform' rating, could indicate a cautious outlook on the company's short-term price performance. This adjustment reflects a potential reassessment of the company's valuation or expected performance, which might lead to a negative perception among investors, potentially impacting the stock's short-term price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100