Barclays Maintains Equal-Weight on Duckhorn Portfolio, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Equal-Weight rating on Duckhorn Portfolio (NYSE:NAPA) and raises the price target from $6 to $11.
October 08, 2024 | 5:16 pm
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POSITIVE IMPACT
Barclays has increased the price target for Duckhorn Portfolio from $6 to $11 while maintaining an Equal-Weight rating. This suggests a more optimistic outlook on the stock's potential.
The increase in price target from $6 to $11 by Barclays indicates a more positive outlook on Duckhorn Portfolio's future performance. Maintaining an Equal-Weight rating suggests that while the stock is expected to perform well, it may not outperform the market. This news is likely to have a positive short-term impact on the stock price as it reflects increased confidence from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100