News Summary

• On November 25, an analyst at Goldman Sachs trimmed the price target on Primo Brands Corporation (NYSE:PRMB) to $18 from $21.
• In a research note, the analyst raised concerns regarding the sales decline, which she believes will be faster and more prolonged than anticipated.
• Herzog names the company’s direct delivery business, which contributes heavily to the sales, as the one facing service disruptions.
• This, in turn, fuels worries about the company's near-term ability to rebound.