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2 stories mentioning PRMBUpdated 45d ago

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Sectors

Sector Update: Financial Stocks Mostly Lower Pre-Bell Thursday

Financial stocks were mostly lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) declined 0.3% and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.Carlyle (CG) stock was down more than 5% pre-bell after the company reported lower Q1 after-tax distributable earnings and revenue.Primo Brands (PRMB) shares were down more than 5% before the opening bell after the company reported lower Q1 adjusted net income.Patria Investments (PAX) stock advanced by nearly 2% after the company reported higher Q1 distributable earnings and revenue.

$CG$FAS$FAZ$PAX$PRMB$XLF
Wire

Primo Brands' Q1 Faces Pressure From Service Disruptions, Cost Headwinds, RBC Says

Primo Brands (PRMB) is expected to face pressure in Q1 from extended service disruptions tied to winter storms and higher input costs linked to the Middle East conflict, RBC Capital Markets said in a note emailed Tuesday.The firm said Q1 is likely to be the weakest quarter of the year and could be further affected by lost or unrecoverable delivery sales from the winter storms.Retail business trends appear supportive, with sales growth of 6% in scanner data, RBC said, adding that the company has taken pricing on about 15% of its retail volume outside its core case pack business.Primo Brands also remains highly sensitive to petroleum-linked costs, including resin, glass, aluminum and diesel fuel, though it has significant hedge coverage in place for 2026 and levers such as pricing and fuel surcharges, the note said.Primo Brands is expected to report Q1 financial results on Thursday.RBC maintained its outperform rating on Primo Brands and kept its price target at $28.Price: $20.37, Change: $+0.27, Percent Change: +1.37%

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