Pernod Ricard: Jefferies raises target price

(CercleFinance.com) - Jefferies maintains "hold" rating on the Pernod Ricard share, which it deems to be "fairly valued", although has raised its corresponding target price from 160 euros to 175 euros, the day after the French spirits group published its FY results.


"The business is in a good place with operating leverage now visible and higher capital returns," the broker says: the guidance of 5%-7% has been set conservatively given the "particularly" uncertain environment.


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