NAPA - Duckhorn Faces Margin Challenges Despite Distribution Growth Analyst Cites Macro Sensitivity | Benzinga
BMO Capital analyst Andrew Strelzik initiated the coverage on The Duckhorn Portfolio, Inc. (NYSE: NAPA) with a Market Perform rating and a $14 price target, which implies 10%-15% upside.
Although NAPA is favorably positioned for long-term growth, the analyst expects the shares to be limited in the medium term by consumer spending concerns, with risks of potential incremental margin headwinds.
The pullback in shares (~25% YTD) and multiple compressions indicate spending concerns are reflected already.
However, ...