Northland Capital Markets analyst Joshua Reilly reiterated an Outperform rating and boosted his price target on Primo Water Corporation (NASDAQ: PRMW) to $8.00 (from $6.50) following a record 4Q report.

Reilly commenetd, "PRMW reported 4Q rev above our/Street estimates with strength in water segment sales and previously delayed dispenser sales. We remain optimistic about PRMW's ability to add selling locations and continued simplification of operations. PRMW raised FY15 rev and adj. EBITDA guidance to $113-$117M from $111-$115M and EBITDA guidance of $14.4-$15.7M from $14.2-$15.5M."

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Shares of Primo Water Corporation closed at $4.07 yesterday.