Pernod Ricard : US: a message of confidence driven by premiumisation, digital and innovation
>Outperform maintained - We reiterate our Outperform recommendation with a target price of € 217. The group’s recent underperformance vs Diageo can be explained in the short term by concerns regarding China. However, in the medium/long term this provides an opportunity to take positions on a quality stock at 21x 12-mth fwd P/E, i.e. 4 points < other core Food Beverage HPC holding companies that display similar fundamentals (operational diversification, pure player an...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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