Pernod Ricard: UBS on hold, reduces TP
(CercleFinance.com) - While maintaining its 'neutral' rating on Pernod Ricard shares, UBS has reduced its target price for them from E153 to E138 (cp: E130, +1.
8%), with its new TP implying 10% upside potential for the French spirits giant's shares.
"We are broadly in line with consensus on Q4 organic revenue, however, we are more cautious on FY25", the broker says, which reduces its FY 2025/26
EPS estimates by 4%/5%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
8%), with its new TP implying 10% upside potential for the French spirits giant's shares.
"We are broadly in line with consensus on Q4 organic revenue, however, we are more cautious on FY25", the broker says, which reduces its FY 2025/26
EPS estimates by 4%/5%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.