BofA Securities analyst Peter T. Galbo initiated coverage on Primo Brands Corporation (NYSE:PRMB), with a price forecast of $42.Galbo notes that Primo Brands stock is expected to appreciate over the next 12 months as the company realizes cost synergies, targeting $300 million in EBITDA by 2026.If valuation multiples stay steady, this should support growth in enterprise and equity value.Also Read: FTC Scraps PepsiCo Price Discrimination Case In 3-0 Vote, Marking Major Shift As Trump-Era Leadership Reverses Biden CrackdownAdditional positives include bottled water’s rising share in U.S. liquid refreshment beverages and reduced focus on the category by other CSD producers, which could improve overall profitability.The North American-based bottled and packaged water …Full story available on Benzinga.com
