Report
Arnaud Autier ...
  • Pierre Tegner

Pernod Ricard : Pernod Ricard's exposure to Latin America is more limited, less premium and more diversified than Diageo’s

>Outperform rating maintained and target price unchanged at € 198 - We maintain our Outperform rating on Pernod Ricard with a target price unchanged at € 198. We think that with the change in momentum, the current valuation level offers an attractive entry point for a quality stock. We also appreciate the caution displayed by Pernod Ricard which already drew attention to Latin America in September (pre-quiet call), two months before Diageo’s warning. As a reminder, th...
Underlying
Pernod Ricard SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Arnaud Autier

Pierre Tegner

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