We recently published an article titled 10 High-Growth Food Stocks to Buy.
BMO Capital analyst Andrew Strelzik lowered the company’s price target on Primo Brands Corporation (NYSE:PRMB) to $35 from $39, but reiterated an Outperform rating on the stock on January 23. The company is tempering its expectations for the fourth quarter and 2026 to reflect continued investments in business stabilization in the first half of the year and a slower-than-expected recovery in the direct-to-customer segment. Despite the short-term adjustment, BMO maintains a positive stance, citing a trajectory of improvement in direct-to-customer business, even if the recovery is progressing more gradually than originally anticipated.
Operationally, Primo Brands Corporation (NYSE:PRMB) delivered strong performance in the third quarter of 2025, with premium net sales increasing more than 44% year over year, driven by continued momentum in the Mountain Valley and Saratoga brands. This growth highlights the company’s ability to scale its premium portfolio and capitalize on consumer demand for branded beverages. From a governance perspective, Primo Brands Corporation (NYSE:PRMB) announced a board transition in mid-January 2026, with the appointment of former CJ Foods CEO Minsok Pak as a director following a routine resignation. The company said the change was not related to any operational or strategic disagreements and hopes Pak’s experience in the industry will strengthen the board’s oversight.
Primo Brands Corporation (NYSE:PRMB) is a leading North American branded beverage company with a diversified portfolio spanning multiple products, formats, channels and price points, distributed throughout the United States and Canada. The company was formed in November 2024 through the merger of Primo Water Corporation and BlueTriton Brands and operates dual headquarters in Tampa, Florida, and Stamford, Connecticut.
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