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The $42 forecast indicates significant upside potential based on synergies and market trends. Historical examples show companies achieving similar cost synergies positively affecting stock value.
What happened, with direct paths to the underlying reporting
BofA initiates coverage on PRMB with a $42 price forecast. Primo Brands targets $300 million in EBITDA by 2026. Bottled water market share is increasing, improving profitability. Quarterly synergies already at $20 million; cost synergies expected. Analyst projects steady sales growth despite operational challenges.
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