Laurent-Perrier: Oddo raises target price

(CercleFinance.com) - Oddo maintains its "outperform" rating on Laurent-Perrier shares with a target price raised from 125 euros to 130 euros (current price: 101 euros, -2.
9%).

The broker highlights market share gains, with volumes up 12.4%, including 18.5% for the Laurent-Perrier brand, outperforming a market which is up 3.5%.

The company expects a volumes to fall by around 10% in H2, i.e. stability over the year, Oddo reports.

In this context, the broker has slightly adjusted its sales forecasts by 2% for the current and next financial years, although is raising its EPS forecasts by 14% for 2022/23 and 11% for 2023/24.


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