Primo Brands: Defensive Consumer Goods Stock With Growth Potential. Truist Sees Room for up to $42 (+20%)

Primo Brands (PRMB) is a stock that can hold its ground well in a weak market environment, particularly due to its affiliation with the defensive consumer goods sector. Primo Brands is a leading North American beverage company focused on healthy hydration. The company was formed in 2024 from the merger of Primo Water Corporation and BlueTriton Brands. In the fourth quarter of 2024, Primo Brands achieved revenues of $1.397 billion, representing a 28.7% increase compared to the previous year. The gross margin was 30.8%, primarily driven by higher...