While maintaining its 'neutral' position on Pernod Ricard, UBS has reduced its price target from €153 to €138, a new target implying 10% upside potential for the French spirits giant's shares.

We are broadly in line with consensus on fourth-quarter organic sales, but more cautious on fiscal 2025", explains the broker, who reduces his EPS estimates for fiscal 2025/26 by 4/5%.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.