Pernod Ricard: Jefferies still a buyer
(CercleFinance.com) - Today an analyst at Jefferies confirmed his “Buy” rating on the Pernod Ricard share.
The broker expects that at the group's investor meeting, which will be held in China between 5 and 7 June, there will be developments in the group's comments, rather than anything revolutionary.
He therefore does not expect any changes in the group's targets set for organic growth over the medium term (4-5%), and therefore confirms his 5.8% forecast for the period 2018-2020. Jefferies is therefore maintaining its target price of 150 euros for the share.
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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 broker expects that at the group's investor meeting, which will be held in China between 5 and 7 June, there will be developments in the group's comments, rather than anything revolutionary.
He therefore does not expect any changes in the group's targets set for organic growth over the medium term (4-5%), and therefore confirms his 5.8% forecast for the period 2018-2020. Jefferies is therefore maintaining its target price of 150 euros for the share.
Copyright (c) 2018 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.