(CercleFinance.com) – Oddo maintains its ‘neutral’ rating on the Marie Brizard Wine & Spirits stock, with an unchanged price target of 2 euros.
The analysis office returns to the surprise appointment of a new general manager, the company having announced on Friday evening the appointment of Fahd Khadraoui to replace Andrew Highcock.
‘At first glance, the announcement of this managerial change is quite surprising, the group has just published its 9M turnover of 135 ME at the end of October, up 10.7% in published terms and 9.8% in organic terms’, indicates Oddo.
The analyst nevertheless believes that this internal appointment should have no effect on MBWS’ strategy.
‘Present in the group since 2019 as director of strategy and mergers and acquisitions, Mr. Khadraoui seems to have participated in the development of the strategic plan and he could, through his past experience in consulting, accelerate the ambition of the group to make external growth’, concludes the broker.
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
