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PRMB
Benzinga
53 days

Is Bad Weather Drying Up Sales For Bottled Water Supplier Primo Brands?

1. BofA maintained PRMB Buy rating with a $42 price target. 2. Recent weather negatively impacted bottled water sales across key markets. 3. Expected warming trends could boost PRMB sales in coming weeks. 4. Second and third quarters account for 53% of annual sales. 5. NielsenIQ data updates may influence short-term market performance.

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FAQ

Why Bullish?

The Buy rating and anticipated weather improvements suggest potential upward movement, akin to past recovery patterns after weather-induced dips.

How important is it?

Analyst's forecast and weather influence make the article relevant for PRMB's near-term outlook.

Why Short Term?

Immediate future sales affected by seasonal weather; historical trends show quick rebounds post-cool periods.

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