Pernod Ricard: Oddo BHF still a buyer, adjusts target

(CercleFinance.com) - Oddo BHF maintains its "buy" recommendation on the Pernod Ricard stock, having nudged up its corresponding target price from 166 euros to 167 euros, after increasing its estimates for the French spirits group.


Analysts emphasise that the guidance provided by the group on 24 March is still valid, and that the negative surprise of total Indian confinement has been offset by more dynamic “off-trade” sales in the US than what was expected.


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