Fly News Breaks for March 8, 2019
PRMW
Mar 8, 2019 | 05:31 EDT
Imperial Capital analyst George Kelly raised his price target for Primo Water to $20 saying he remains optimistic following the company's Q4 results. The analyst sees potential for Primo to maintain elevated same-store-sales growth as the company improves its product and messaging. Further, favorable consumer and competitive dynamics should allow for margin expansion over time, Kelly tells investors in a research note. The analyst maintains an Outperform rating on the shares.
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