Pernod Ricard: Oddo confirms rating after sales
(CercleFinance.com) - Oddo notes a greater-than-expected slowdown in organic growth.
Indeed, Organic growth in Q1 2019/20 is below expectations. Following this announcement, Oddo still confirms its buy rating on the share, along with its target price of 180 euros (upside potential of about 13%).
Pernod Ricard posted revenue of 2,483 million euros, with nominal groth of 4%, with a positive FX effect, largely due to the dollar, and organic growth of +1.3%.
Oddo also highlights the sharp slowdown in Asia, although the sound quarter in the Americas, thanks to the United States
(+6%) and a pleasant surprise in Europe (+3%).
Management has confirmed its target for organic growth in 2019/20 underlying operating income of +5% to +7%.
Copyright (c) 2019 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.
Indeed, Organic growth in Q1 2019/20 is below expectations. Following this announcement, Oddo still confirms its buy rating on the share, along with its target price of 180 euros (upside potential of about 13%).
Pernod Ricard posted revenue of 2,483 million euros, with nominal groth of 4%, with a positive FX effect, largely due to the dollar, and organic growth of +1.3%.
Oddo also highlights the sharp slowdown in Asia, although the sound quarter in the Americas, thanks to the United States
(+6%) and a pleasant surprise in Europe (+3%).
Management has confirmed its target for organic growth in 2019/20 underlying operating income of +5% to +7%.
Copyright (c) 2019 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.