Primo Brands Price Target Cut to $35 by BMO, Mizuho Cuts to $24
BMO Capital cut Primo Brands’ price target to $35 from $39, citing conservative Q4 2025 and 2026 estimates and ongoing stabilization investments into H1 2026. Mizuho lowered its objective to $24 from $28, keeping Outperform as customer direct recovery remains slow but improving and integration issues resolve in 2026.
1. BMO Capital Price Target Reduction
BMO Capital reduced its price target on Primo Brands to $35 from $39, maintaining an Outperform rating. The adjustment reflects conservative forecasts for Q4 2025 and full-year 2026, alongside planned investments to stabilize operations into the first half of 2026.
2. Mizuho Price Objective Cut
Mizuho lowered its Primo Brands objective to $24 from $28 while retaining Outperform status. The firm aligned its outlook with broader food producer adjustments for 2026, signaling cautious optimism amid easing headwinds.
3. Business Stabilization and Recovery Outlook
Analysts cited a slower-than-expected customer direct business recovery, though the trajectory is improving. Both firms expect Primo Brands to resolve transitory integration issues by 2026, laying the groundwork for renewed growth.