Pernod Ricard : Q1 much more robust than expected with a l-f-l of +11.2%
>Outperform rating maintained - Outperform rating maintained with a target price of € 217. With a 2023e P/E of < 20x, Pernod Ricard remains the most accessible quality stock in our Food/Spirits/HPC coverage universe, and the two recent deals have seen the pure player extend its operational footprint (in the US notably); this should improve its degree of agility in the medium to long term. The comments made by Nestlé and then by P&G yesterday, also lend weight to the v...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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