Pernod Ricard: UBS reduces TP

(CercleFinance.com) - While maintaining its 'neutral' recommendation on Pernod Ricard shares, UBS has reduced its TP for them from E158 to E153, with its new TP leaving just 8% upside potential for the spirits giant's stock.


Pernod Ricard is grappling with weak trends in the US and China, leading to downwardly revised estimates for fiscal 2025, the broker says day after its trading update.

It adds that the French group's share is trading at a discount to its peers, but will need an inflexion from the US and China to see an upturn.


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