10:18 AM EDT, 08/08/2025 (MT Newswires) -- Primo Brands' ( PRMB ) multiple operational and financial setbacks have undermined conviction in both near- and medium-term revenue growth and margin development expectations, Deutsche Bank said in a Friday note.

A course-correction could set shares on a better trajectory, the firm said, but it does not expect full clarity on the effectiveness of the company's actions until late 2025 or early 2026.

Continued deterioration in revenue growth expectations, along with "executional missteps" in the integration of facilities and related headcount reductions, have reduced Deutsche Bank's forecasts for 2025 revenue and EBITDA and weakened its confidence in Primo's ability to return to 3% to 5% growth in fiscal 2026.

The firm downgraded the stock to hold and lowered its price target to $26 from $38.

Shares of Primo Brands ( PRMB ) were down 2.7% in recent trading.

Price: 23.36, Change: -0.65, Percent Change: -2.69