UPDATE: RBC Capital Starts The Duckhorn Portfolio, Inc. (NAPA) at Sector Perform

(Updated - April 11, 2021 10:20 PM EDT)

RBC Capital analyst Nik Modi initiates coverage on The Duckhorn Portfolio, Inc. (NYSE: NAPA) with a Sector Perform rating and a price target of $19.00.

The analyst comments "While we see a clear pathway to sustainable top-line growth and believe margins will improve as the economy reopens, we are hard-pressed to justify much more upside at the current levels. NAPA shares have rallied over 25% since its $15 pricing and are now trading at a premium to bev-alc and high-growth CPG peers (both P/E and EV/EBITDA). We sit on the sidelines for now, but will be looking for a pull back to get more constructive."

For an analyst ratings summary and ratings history on The Duckhorn Portfolio, Inc. click here. For more ratings news on The Duckhorn Portfolio, Inc. click here.

Shares of The Duckhorn Portfolio, Inc. closed at $18.08 yesterday.

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