Pernod Ricard: Stifel resumes coverage of stock

(CercleFinance.com) - The analyst resumes coverage of Pernod Ricard with a Hold rating and a target price of 192 euros.


Stifel believes that organic growth has lagged its peers, not only since the start of the pandemic, but also on a five-year basis.

"Apart from cognac, we believe the company's core portfolio is vulnerable to pressure on disposable income, potentially challenging pricing power in the context of strong cost inflation," the broker says.


Copyright (c) 2022 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.