RBC Capital Downgrades Duckhorn Portfolio to Sector Perform, Raises Price Target to $11.1
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Duckhorn Portfolio (NYSE:NAPA) from Outperform to Sector Perform, while slightly raising the price target from $11 to $11.1.
October 11, 2024 | 4:40 pm
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RBC Capital downgraded Duckhorn Portfolio from Outperform to Sector Perform, indicating a less optimistic view on the stock's performance. However, the price target was slightly increased to $11.1, suggesting some positive outlook.
The downgrade from Outperform to Sector Perform suggests a less favorable view on NAPA's potential compared to its peers, which could lead to a neutral impact on the stock price. However, the slight increase in the price target to $11.1 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100