Pernod Ricard: BOFA-ML a buyer ahead of FY results

(CercleFinance.com) - This Thursday Bank of America Merrill Lynch reiterates its buy rating on the Pernod Ricard share, along with a target price of 184 euros, a week before the wines and spirits group reports its FY results.


For the analyst, the key points in this publication will be (1) the possibility of another disappointment in Q4 ("will Q4 be soft again"), (2) "will they guide below the Street for FY20," and (3) the announcement of share buybacks.

However, BofA-ML, which notes increasing interest from investors in the share, given its recent underperformance, sees low risks of a disappointment and says that it “likes the self-help story ahead”.

Pernod Ricard will publish its FY 2018/2019 sales and results on Thursday 29 August.



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