Barclays analyst Lauren Lieberman maintains $The Duckhorn Portfolio (NAPA.US)$ with a hold rating, and maintains the target price at $11.
According to TipRanks data, the analyst has a success rate of 54.7% and a total average return of 2.4% 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 anticipated acquisition involving Duckhorn Portfolio is viewed as probable to conclude, particularly since the company's principal shareholders are in agreement concerning the vote in favor of the transaction. It is believed that the 'go-shop' period serves more as a gesture of good faith towards minority shareholders rather than having substantial implications. The valuation is considered consistent with the proposed transaction price per share.
The company's announcement of its acquisition by a private equity group for approximately $1.95 billion, or $11.10 per share, has been highlighted. Although the agreement allows for a 45-day period to seek other offers, it is believed that a rival bid is not expected. However, the timing of the acquisition is somewhat unexpected, especially considering the completion of the recent Sonoma-Cutrer acquisition and the potential for an increase in consumer spending in the medium term.
Note:
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