Primo Water Merger Lawsuit: Investor Claims Deadline Approaches
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
- Lawsuit Notification: Rosen Law Firm reminds investors who purchased Primo Water (NYSE: PRMW) stock between June 17 and November 8, 2024, that the lead plaintiff application deadline is January 12, 2026, allowing for compensation without out-of-pocket costs.
- Merger Controversy: Following the November 8, 2024 merger, Primo Brands (NYSE: PRMB) allegedly misrepresented key facts about the merger integration, leading investors to believe it would yield significant growth and financial results, resulting in damages when the truth emerged.
- Counsel Selection: The firm emphasizes the importance of selecting qualified counsel with a proven track record, advising against choosing firms that merely act as intermediaries to ensure effective representation of investor rights.
- Historical Achievements: Rosen Law Firm has recovered over $438 million for investors in 2019 alone and was ranked first by ISS Securities Class Action Services in 2017, showcasing its strong capabilities in securities class action litigation.
Analyst Views on PRMB
Wall Street analysts forecast PRMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRMB is 26.10 USD with a low forecast of 18.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 18.550
Low
18.00
Averages
26.10
High
39.00
Current: 18.550
Low
18.00
Averages
26.10
High
39.00
About PRMB
Primo Brands Corporation is a beverage company with a focus on healthy hydration, delivering responsibly and domestically sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every state and Canada. It has a portfolio of packaged branded beverages distributed across more than 200,000 retail outlets, including brands Poland Spring and Pure Life, premium brands like Saratoga and Mountain Valley, regional brands, such as Arrowhead, Deer Park, Ice Mountain, Ozarka, and Zephyrhills, purified brands including Primo Water and Sparkletts, and flavored and enhanced brands like AC+ION and Splash Refresher. These brands are sold directly across retail channels, including mass food, convenience, natural, drug, wholesale, distributor and home improvement, as well as food service accounts in North America. Its products consist of spring and sparkling water, purified water, self-service refill drinking water, and water dispensers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
