Pernod Ricard: gets double uprade from AlphaValue
(CercleFinance.com) - AlphaValue announced on Tuesday that it had upgraded its rating on Pernod Ricard shares directly to "add" from "reduce", although maintains its target price of 221 euros for the share (current price about 191.
5 euros, almost +1%).
In a report, the independent broker justifies its upgrade by a number of factors, starting with a "solid" first half of the year for the spirits group, as well as the recovery of the "on-trade" segment (sales in bars, hotels and restaurants) and the improvement of shopping in transport hubs ("travel retail").
AlphaValue also mentions the clear recovery in business that is expected in India, as well as the beneficial effects of the "common prosperity" policy wanted by the Chinese president Xi Jinping in order to reduce inequalities.
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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.
5 euros, almost +1%).
In a report, the independent broker justifies its upgrade by a number of factors, starting with a "solid" first half of the year for the spirits group, as well as the recovery of the "on-trade" segment (sales in bars, hotels and restaurants) and the improvement of shopping in transport hubs ("travel retail").
AlphaValue also mentions the clear recovery in business that is expected in India, as well as the beneficial effects of the "common prosperity" policy wanted by the Chinese president Xi Jinping in order to reduce inequalities.
Copyright (c) 2021 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.