Pernod Ricard : Q1 much better than expected: -6% like-for-like, vs -13% for the consensus
>Resilience that should be welcomed - Buy recommendation maintained with target price of € 164. In the consumer staples sector, the groups that are strategically focused and sufficiently diversified operationally to meet the diversity of demand while offering a balanced risk profile are those that have experienced the most significant rerating in terms of 12-month forward P/E. Pernod Ricard falls into this category, and we accordingly remain confident in the share’s l...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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