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.
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