Pernod Ricard : EMEA/LatAm: no signs of weakness, healthy inventory levels
>Outperform maintained: the most accessible core holding company - Outperform rating maintained with a target price of € 217. Despite the recent stock rebound, Pernod Ricard remains the least expensive core holding company in terms of P/E (20x 2023) in our Food Spirits HPC universe. This is still the case even if we include the listed core holding companies in the US. The conference call held yesterday evening on the EMEA/LatAm region confirmed the notion that for now...Pernod Ricard produces and distributes wines and spirits. Co. produces aniseed products, vodka, whisky, cognac, rum, gin, liqueurs, champagnes and wines. Co.'s activity is organized around families of products built around brands. Its brands portfolio includes: ABSOLUT vodka, Ricard pastis, Ballantine's, Chivas Regal and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm and Perrier-Jouet champagnes as well as Jacob's Creek and Brancott Estate wines. Co. is structured into four segments constituted by the following geographic regions: France, Europe (excluding France), Americas, Asia/Rest of the World.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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