Laurent-Perrier: Oddo BHF lowers target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Laurent-Perrier shares, with a target price lowered from E136 to E130.
The 17.8% drop in volumes in H1 2024/25 notably reflects a sharp fall in volumes in Q1. Against this backdrop, Laurent-Perrier is staying the course on its value strategy while waiting for the market to recover, the analyst says.
Following the publication of these H1 results, analysts are raising their 2024/25 sales estimate by almost 1%.
They believe that Laurent-Perrier is well positioned to benefit from the recovery of the champagne market, which remains dependent on the evolution of the geopolitical and economic context, the broker concludes.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The 17.8% drop in volumes in H1 2024/25 notably reflects a sharp fall in volumes in Q1. Against this backdrop, Laurent-Perrier is staying the course on its value strategy while waiting for the market to recover, the analyst says.
Following the publication of these H1 results, analysts are raising their 2024/25 sales estimate by almost 1%.
They believe that Laurent-Perrier is well positioned to benefit from the recovery of the champagne market, which remains dependent on the evolution of the geopolitical and economic context, the broker concludes.
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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.