Pernod Ricard : Good year now on the cards
>We are downgrading from Buy to Neutral - Following the stock’s favourable performance in one month (+12% since 15 October), we are adopting a Neutral recommendation without modifying our target price of € 150. As our target price is now close (+3%) a Buy recommendation can no longer be maintained.Over 12 months, the stock’s market performance has been the best in the sector (see chart) reflecting how the stock has made up ground on its peers, notably Diageo. The...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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