(CercleFinance.com) – Pernod Ricard fell by 2% in the wake of a deterioration of opinion at Oddo BHF from ‘outperformance’ to ‘neutral’ with a price target reduced from 190 to 150 euros, in the wake of a lowering by the analyst of his 2023-24 EPS forecast.
‘The catalysts that we expected to support the performance of Pernod Ricard shares, namely the recovery in the group’s key markets such as China and the United States, are not materializing,’ notes the research office.
According to Oddo BHG, the deadline for the group’s resumption of growth is regularly postponed and uncertainties about its timing should weigh on the performance of the stock, for which it does not however see much downside potential.