Pernod Ricard : Organic sales decline now expected for FY 23-24e
>Outperform rating maintained and target price unchanged at € 190 - We maintain our target price of € 190 and Outperform rating on Pernod Ricard. The return to growth is taking its time and tending to be pushed out quarter after quarter. This is probably among the conclusions investors will be tempted to draw from the Q3 sales release. But the low valuation and the stock’s underperformance in the last three months nonetheless suggest that investors remained relatively...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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