Wedbush Maintains Outperform on Duckhorn Portfolio, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Gerald Pascarelli maintains an Outperform rating on Duckhorn Portfolio (NYSE:NAPA) but lowers the price target from $11 to $10.

May 02, 2024 | 12:59 pm
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NEUTRAL IMPACT
Wedbush maintains an Outperform rating on Duckhorn Portfolio but lowers the price target from $11 to $10.
The adjustment in price target by Wedbush reflects a slight moderation in their short-term outlook for Duckhorn Portfolio, likely due to updated market analysis or company performance metrics. However, maintaining an Outperform rating indicates a continued positive view on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against a backdrop of ongoing analyst confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100