Marie Brizard: Oddo BHF maintains 'reduce' rating
(CercleFinance.com) - Oddo BHF has confirmd its "reduce" rating and target price on the Marie Brizard Wine & Spirits stock, along with its target price of 2.
6 euros (downside potential of about 5%), after the group's board of directors made several announcements on Thursday evening, which stem directly from the draft agreement with the COFEPP.
The broker notes the intention of the board chairman to step down, and the end of the proposed divestment of brands, as well as the appointment of an expert and the creation of an ad-hoc committee.
As another step towards a new chapter in Marie Brizard's story, these measures do not call into question the group's valuation, nor Oddo BHF's stockmarket rating, which is waiting for the announcement of the new strategic plan in the first quarter of 2019.
Copyright (c) 2019 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.
6 euros (downside potential of about 5%), after the group's board of directors made several announcements on Thursday evening, which stem directly from the draft agreement with the COFEPP.
The broker notes the intention of the board chairman to step down, and the end of the proposed divestment of brands, as well as the appointment of an expert and the creation of an ad-hoc committee.
As another step towards a new chapter in Marie Brizard's story, these measures do not call into question the group's valuation, nor Oddo BHF's stockmarket rating, which is waiting for the announcement of the new strategic plan in the first quarter of 2019.
Copyright (c) 2019 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.