Pernod Ricard: UBS still on hold
(CercleFinance.com) - UBS confirms its neutral rating on the Pernod Ricard stock with a target price of E199.
The analyst believes that the shift from a brand strategy to a portfolio strategy will improve performance in the US.
"Portfolio transformation should help to close the gap relative to the market and to drive outperformance over the medium-term," UBS said.
Pernod Ricard expects strong and diversified sales growth for the current financial year, despite a normalising environment, while it should maintain its operating margin.
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