BMO Capital analyst Andrew Strelzik maintains $The Duckhorn Portfolio (NAPA.US)$ with a hold rating, and adjusts the target price from $9 to $11.
According to TipRanks data, the analyst has a success rate of 58.1% and a total average return of 6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Duckhorn Portfolio (NAPA.US)$'s main analysts recently are as follows:
The proposed transaction with Butterfly Equity is viewed as likely to conclude, particularly since Duckhorn Portfolio's two principal shareholders have consented to endorse the deal. The 'go-shop' period is perceived more as a gesture of good faith towards minority shareholders rather than a substantive shopping period. The valuation is considered consistent with the proposed transaction price per share.
Anticipation of Duckhorn Portfolio's fiscal Q4 report has led to a slight adjustment in fiscal 2025 estimates, taking into account the possible impacts on pricing and product mix due to increased promotions and a deceleration in trends for Sonoma-Cutrer within monitored channels.
The acquisition of Duckhorn Portfolio by a private equity company for approximately $1.95 billion, or $11.10 per share, is highlighted, which includes a 45-day 'go-shop' period, though the probability of a competing offer emerging is considered low. The timing of the deal is noted as unexpected, especially after the closure of the Sonoma-Cutrer acquisition and the anticipation of enhanced consumer spending in the medium term.
Note:
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