Barclays Maintains Equal-Weight Rating for Duckhorn Portfolio: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of Duckhorn Portfolio NAPA and lower its price target from $21.00 to $19.00.

Shares of Duckhorn Portfolio are trading down 3.23% over the last 24 hours, at $14.09 per share.

A move to $19.00 would account for a 34.85% increase from the current share price.

About Duckhorn Portfolio

The Duckhorn Portfolio Inc produces luxury and ultra-luxury wine across a portfolio of winery brands, including Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. Its revenue is comprised of wholesale and direct-to-consumer sales. Wholesale revenue is generated through sales directly to California retailers and restaurants, sales to distributors and agents located in other states throughout the United States, and sales to export distributors that sell internationally.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.