Pernod Ricard: Credit Suisse more optimistic
(CercleFinance.com) - In turn Credit Suisse welcomes Pernod Ricard's annual results, as well as the forecasts it provided.
Maintaining their buy rating ("outperform"), analysts have raised their target price for the share from 185 euros to 195 euros.
"The announcement of a Eu1bn buyback as well as increased investments in capex (c5% net sales from 4%) and strategic inventories (Eu300m from Eu200m) are signs of management's increasing confidence in the medium-term outlook," its research note says.
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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.
Maintaining their buy rating ("outperform"), analysts have raised their target price for the share from 185 euros to 195 euros.
"The announcement of a Eu1bn buyback as well as increased investments in capex (c5% net sales from 4%) and strategic inventories (Eu300m from Eu200m) are signs of management's increasing confidence in the medium-term outlook," its research note says.
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.